An Improvement in Technology Would Shift Which of the Following

question 152

Multiple Choice

An improvement in technology would shift which of the following curve(s) ?

• A) aggregate demand and short-run aggregate supply
• B) only the short-run aggregate supply
• C) only the aggregate demand
• D) short-run and long-run aggregate supply

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Definitions:

Order Quantity

the amount of inventory ordered at one time to replenish stocks, often determined by balancing ordering costs and holding costs.

Vertically Integrated

A business structure where a company controls multiple stages of production within its supply chain, from raw materials to final product delivery.

Overstock Quantity

Excess inventory beyond what is normally sold, leading to surplus stock that requires additional storage or markdowns for clearance.

Optimal Quantity

The most efficient, cost-effective or beneficial amount or number of something for a specific purpose or condition.