Which of the following shifts both the LAS and SAS curves?
A) an advance in technology
B) a simultaneous change in both the price level and the money wage rate
C) a change in the price level
D) a change in the money wage rate
Correct Answer:
Verified
Q74: The short-run aggregate supply curve shifts because
Q90: An increase in the amount of human
Q91: Q92: A major technological advance shifts the Q93: If the money prices of resources changes, Q94: If the money price of a resource Q96: Technological progress will Q97: The land of Ur increases its capital Q98: A technological advance the long- run aggregate Q99: If the full- employment quantity of labor
A) short-
A)
A) shift the LAS curve
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