Use the following to answer questions :
Figure: Technological Progress and Productivity Growth 
-(Figure: Technological Progress and Productivity Growth) Look at the figure Technological Progress and Productivity Growth. If there is significant technological progress (all other factors remaining unchanged) , it is best indicated by a move from:
Definitions:
Put Option
A financial contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified time.
Hedge Ratio
The ratio of the size of a position in a hedging instrument to the size of the position being hedged, intended to minimize risk.
Black-Scholes
A mathematical model used to estimate the price of European-style options, factoring in variables such as stock price, strike price, volatility, time to expiry, and risk-free rate.
Long Call Option
A bullish strategy in which an investor buys a call option to profit from a rise in the price of the underlying asset.
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