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

Question

Quizplus · Accepted Answer

A technological advance shifts both the long-run and short-run aggregate supply curves to the right, as it increases the economy's productive capacity and efficiency.

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

A Technological Advance the Long-Run Aggregate Supply Curve and