If there is an increase in labor productivity:
A) the production possibilities curve would shift outward and the long-run aggregate supply curve would shift rightward.
B) the production possibilities curve would shift inward and the long-run aggregate supply curve would shift leftward.
C) the production possibilities curve would shift outward and the long-run aggregate supply curve would shift leftward.
D) the production possibilities curve would shift inward and the long-run aggregate supply curve would shift rightward.
Correct Answer:
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