If Technological Change Shifts the Long-Run Aggregate Supply Curve to the Right

question 160

Multiple Choice

If technological change shifts the long-run aggregate supply curve to the right, it will also do which of the following?

• A)It will shift the short-run Phillips curve and the long-run Phillips curve to the right.
• B)It will shift the short-run Phillips curve and the long-run Phillips curve to the left.
• C)It will shift the short-run aggregate supply curve to the right and the long-run Phillips curve to the left.
• D)It will shift the short-run aggregate supply curve to the right and leave the long-run Phillips curve unaffected.

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Definitions:

Retinal Disorders

Retinal disorders are a group of diseases affecting the retina, a layer of tissue at the back of the eye, which can impair vision and lead to blindness.

Exteroceptors

Sensory receptors that receive stimuli from the external environment, involved in senses such as sight, hearing, taste, smell, and touch.

Olfactory Cortex

A region of the brain involved in the processing of smell information received from the olfactory receptors.

Sensory Receptors

Specialized cells or nerve endings that respond to changes in the environment and send signals to the central nervous system.