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:

Sedatives

Medications or drugs that are used to induce calmness, decrease anxiety, and help in inducing sleep.

Analgesics

Medications designed to reduce or alleviate pain without causing loss of consciousness.

Anesthetics

Substances that induce insensitivity to pain, often used during surgical procedures.

Analgesics

Medications designed to relieve pain without causing loss of consciousness, also known as painkillers.