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:

Consumer Behaviour

The analysis of the ways in which individuals, collectives, or organizations pick, purchase, apply, and dispose of goods, services, experiences, or notions to satisfy requirements, and the consequences these ways have on consumers and the social environment.

Process

A series of actions or steps taken in order to achieve a particular end.

Post Purchase Issue

A problem or dissatisfaction that a consumer experiences after buying and using a product or service.

Purchase Issue

Concerns or factors that influence the decision-making process during the acquisition of goods or services.