In response to an increase in technology,we would expect
A)both the short run and long run Phillips curve to shift to the right.
B)both the short run and long run Phillips curve to shift to the left.
C)the long run Phillips curve remains unchanged while the short run Phillips curve shifts to the right.
D)the short run Phillips curve remains unchanged while the long run Phillips curve shifts to the right.
E)none of the above.

Question

Quizplus · Accepted Answer

Technological advancements increase productivity, leading to a rightward shift of both the short-run and long-run Phillips curves.

In Response to an Increase in Technology,we Would Expect