A Beneficial Supply Shock Such as a Breakthrough in Technology

question 72

Multiple Choice

A beneficial supply shock such as a breakthrough in technology _____

• A) lowers the price level and increases output.
• B) lowers the price level and decreases output.
• C) raises the price level and increases output.
• D) raises the price level and decreases output.
• E) has no effect on either the long-run or the short-run aggregate supply curves.

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Definitions:

Big Data

Large and complex data sets that are analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.

Constantly Changing

Refers to situations, environments, or conditions that undergo continuous modifications or transformations.

Structured

An organized and systematically arranged approach, often referring to data, processes, or systems.