A Technological Advance ________ Aggregate Supply, Shifting the Aggregate Supply

question 39

Multiple Choice

A technological advance ________ aggregate supply, shifting the aggregate supply curve ________ and potentially bringing the ________ phase of the business cycle.

• A) increases; rightward; expansion
• B) increases; leftward; expansion
• C) increases; rightward; recession
• D) decreases; leftward recession
• E) decreases; rightward; expansion

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Definitions:

Course of Action

A plan or method chosen to respond to or achieve a particular goal or problem.

Resources

Resources are assets, materials, and inputs needed by an organization or individual to produce goods or services.

Management

The process of planning, organizing, leading, and controlling resources to achieve specific goals within an organization.