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

Question

Quizplus · Accepted Answer

Technological advances increase productivity, which shifts both the long-run aggregate supply curve and the short-run aggregate supply curve to the right.

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