The supply curve of a firm will shift to the right if technology increases the firm's production costs.
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Q3: Capital is the collective intelligence of an
Q4: A deep and prolonged recession can be
Q5: Frictional unemployment is caused by economic fluctuations.
Q6: Capital includes land and minerals that a
Q7: As social equality is a major goal
Q9: Cyclical unemployment is caused by a mismatch
Q10: The demand curve will shift to the
Q11: Deflation is an economic condition in which
Q12: In practice,no economy is truly a free-market
Q13: Scarcity creates competition for resources,and forces trade-offs
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