A Technological Advance ________ Potential GDP,________ Aggregate Supply,and Shifts the Aggregate

question 292

Multiple Choice

A technological advance ________ potential GDP,________ aggregate supply,and shifts the aggregate supply curve ________.

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

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Definitions:

Loss of Sale

A situation where a potential transaction does not occur, resulting in no revenue from that potential customer.

Competitor

A business or individual that competes in the same industry or field as another, offering similar products or services.

Potential Sales

The possible future sales achievable in a given market segment or with a certain customer base, often used in forecasting.

Time Invested

The amount of time one dedicates to a particular activity, project, or goal, often with the expectation of future benefits.