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:

Emotional States

The internal conditions that arise from feelings and emotions, influencing mood and behavior at a given time.

Equally Attractive

Describes options or choices that are perceived to have the same level of appeal or benefit, making the decision-making process more challenging.

Individualistic Cultures

Societies that emphasize personal achievement, independence, and self-reliance over group cohesion.

Interpersonal Relationships

The strong, deep, or close associations or acquaintances between two or more people that may range in duration from brief to enduring.