-Refer to the Above Figure

question 20

Multiple Choice

-Refer to the above figure. Suppose the economy's initial equilibrium is represented by the intersection of LRAS₂ and AD₂. Now there is an increase in labor productivity which increases total planned production at any given price level and aggregate demand remains stable. The resulting change in the economy's long-run equilibrium position would be represented by a

• A)movement from B to D.
• B)movement from C to D.
• C)movement from C to B.
• D)movement from A to B.

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Definitions:

Photodiode

A semiconductor device that converts light into electrical current, commonly used in optical communication systems and light sensing.

Electrical Response

The reaction or output of an electrical system or component when a voltage or current is applied.

Forward Bias

Forward bias is the condition in which a p-n junction semiconductor, such as a diode, allows current to flow freely from the p-side (anode) to the n-side (cathode) by applying a voltage.

Current Flow

Describes the directional movement of electric charge carriers, like electrons, in a circuit, crucial for powering and operating electronic devices.