The Invention of the Cotton Gin Ushered in the Industrial

question 62

Multiple Choice

The invention of the cotton gin ushered in the Industrial Revolution and began a long period of technological innovation.What did this technological change do the short-run supply curve?

• A)It shifted the short-run aggregate supply curve to the left.
• B)It shifted the short-run aggregate supply curve to the right.
• C)It moved the economy up along a stationary short-run aggregate supply curve.
• D)It moved the economy down along a stationary short-run aggregate supply curve.

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Definitions:

Organizational Goals

The strategic objectives that a company aims to achieve, which guide its operations and direction.

Normal Distribution

A probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence.

Standard Normal Distribution

A bell-shaped distribution with a mean of zero and a standard deviation of one, used as a reference in statistical analysis.

Normal Distribution

A bell-shaped distribution where data is symmetrically distributed around the mean, with most values clustering around a central region.