If Technological Change Shifts the Long-Run Aggregate-Supply Curve to the Right

question 106

Multiple Choice

If technological change shifts the long-run aggregate-supply curve to the right, it will also do which of the following?

• A) It shifts both the short-run and long-run Phillips curves to the right.
• B) It shifts both the short-run and long-run Phillips curves to the left.
• C) It will shift the short-run aggregate-supply curve to the right and the long-run Phillips curve to the left.
• D) It will shift the short-run aggregate-supply curve to the right and leave the long-run Phillips curve unaffected.

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