(Figure: Determining SRAS Shifts) If there are advancements in technology, the short-run aggregate supply curve will shift from SRAS0 to _____, and the price level will shift to _____.
A) SRAS1; P0
B) SRAS1; P1
C) SRAS2; P1
D) SRAS2; P2
Correct Answer:
Verified
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