A Beneficial Supply Shock Such as a Breakthrough in Technology

question 124

Multiple Choice

A beneficial supply shock such as a breakthrough in technology _____

• A) permanently shifts both the short-run and the long-run aggregate supply curves to the right.
• B) temporarily shifts both the short-run and the long-run aggregate supply curves to the right.
• C) permanently shifts both the short-run and the long-run aggregate supply curves to the left.
• D) temporarily shifts both the short-run and the long-run aggregate supply curves to the left.
• E) has no effect on either the long-run or the short-run aggregate supply curves.

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Definitions:

Pacinian Corpuscle

A type of mechanoreceptor found in the skin and viscera responsible for sensitivity to vibration and pressure.

Taste Cell

Specialized sensory cells located in taste buds on the tongue, responsible for detecting and signaling the taste of substances.

Primary Receptor

A sensor or nerve ending that detects changes in the environment or within the body and initiates a response by sending signals to the nervous system.

Pacinian Corpuscle

A type of mechanoreceptor found in the skin and visceral organs, sensitive to deep pressure and vibration.