Technological Progress Shifts the Long-Run Aggregate Supply Curve to the Right

question 53

True/False

Technological progress shifts the long-run aggregate supply curve to the right.

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Definitions:

Significant Results

Outcomes or findings that are notably impactful, meaningful, or exceed expected benchmarks, often used in the context of research, projects, or performance evaluations.

Corporation

A legal entity that is separate and distinct from its owners, offering limited liability to its shareholders.

Closely Held Corporations

Corporations in which there are relatively few shareholders; referred to as non-distributing corporations in some jurisdictions.

Annual Return

A yearly statement filed by businesses detailing important company information such as capital, membership, and accounts.