A technological advance the long -run aggregate supply curve and the short-run aggregate supply curve.
A) does not shift; does not shift
B) does not shift; shifts
C) shifts; shifts
D) shifts; does not shift

Question

Quizplus · Accepted Answer

A technological advance increases productivity, which shifts both the long-run aggregate supply curve and the short-run aggregate supply curve to the right.

A Technological Advance the Long -Run Aggregate Supply Curve and the Short-Run