-In the Above Figure, Starting at E₃, If There Is

question 299

Multiple Choice

-In the above figure, starting at E₃, if there is an increase in technology that causes a temporary increase in production capabilities

• A)aggregate supply would shift to SRAS₀ and LRAS₁ would shift to LRAS₀.
• B)aggregate supply would shift to SRAS₁ and LRAS₁ would shift to LRAS₁.
• C)aggregate supply would shift to SRAS₂ and LRAS₁ would shift to LRAS₁.
• D)aggregate supply would shift to SRAS₁ and then return to SRAS₂.

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Definitions:

Carbon Dioxide

An odorless, colorless gas that comes from the combustion of carbon and organics, plus through respiration, and is captured by plants in their photosynthesis process.

Ice Cores

Cylindrical samples taken from ice sheets or glaciers, used in climate research to analyze past atmospheric and environmental conditions.

Theory of Atoms

A scientific theory that matter is composed of discrete units called atoms, which are the basic building blocks of chemical substances.

Law of Definite Proportions

A chemical law stating that a compound always contains exactly the same proportion of elements by mass.