The Discovery and Dissemination of a New Cost-Saving Technology

question 123

Multiple Choice

The discovery and dissemination of a new cost-saving technology

• A) is an example of a positive demand shock
• B) would cause the long-run AS curve to shift leftward,thereby increasing both output and the price level
• C) would increase firms' unit costs
• D) would lead to an increase in output and a decrease in the price level
• E) is an example of a negative supply shock

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Definitions:

Males And Females

The two primary categories of the biological sex of organisms, characterized by reproductive anatomy and function distinctions.

Systematic Study

A structured investigation aimed at understanding phenomena, following a methodical and organized approach to obtain reliable and valid results.

Behavior

Actions or reactions of an individual or group in response to external or internal stimuli.

Past Behaviors

Actions or conduct exhibited by an individual in previous situations, often used as indicators or predictors of future behavior.