Technological advances lead to ________.
A)a shift of the short run AS curve up
B)a shift of the long run AS curve to the left
C)an upward movement along the long run AS curve
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

Technological advances typically lead to an increase in productivity, which shifts the long-run aggregate supply (LRAS) curve to the right, not up or to the left, and does not merely involve movement along the curve.

Technological Advances Lead to ________