If Technological Change Occurs in the Economy

question 97

Multiple Choice

If technological change occurs in the economy,

• A)the long-run aggregate supply curve will shift to the right.
• B)the long-run aggregate supply curve will shift to the left.
• C)we will move up along the long-run aggregate supply curve.
• D)we will move down along the long-run aggregate supply curve.
• E)the long-run aggregate supply curve will become steeper.

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Definitions:

Erikson

Refers to Erik Erikson, a developmental psychologist and psychoanalyst known for his theory of psychosocial development across eight stages of human life.

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An individual's personal sense of their own gender, which may or may not correspond with the sex they were assigned at birth.

Deep Sadness

An intense feeling of sorrow or despair.

Peer Influence

The effect that the attitudes, behaviors, and actions of peers have on one's own behavior, often observed during adolescence as individuals become more socially aware and sensitive to their peer groups.