If an Advance in Technology Shifts the Long-Run Aggregate Supply

question 233

Multiple Choice

If an advance in technology shifts the long-run aggregate supply curve out:

• A) prices drop and output increases.
• B) prices increase and output decreases.
• C) prices remain stable and output decreases.
• D) None of the answers is correct.

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Definitions:

High Self-Esteem

A positive evaluation of oneself, reflecting a person's overall subjective emotional evaluation of their own worth.

Securely Attached

A type of attachment style identified in developmental psychology where individuals feel confident and trusting in their relationships, often stemming from a responsive and caring upbringing.

Prosocial Children

Children who exhibit behaviors that are intended to benefit others, such as sharing, helping, and showing concern for others.

Mature Behavior

Actions or conduct that exhibit fully developed emotional and behavioral capabilities, often associated with adulthood.