-In the above figure, the short-run aggregate supply curve is SAS₁. If technology advances, there is A) an upward movement along SAS₁. B) a downward movement along SAS₁. C) a shift to SAS₀. D) a shift to SAS₂.

Question

Quizplus · Accepted Answer

Technological advancements increase productivity, which shifts the short-run aggregate supply curve to the right, indicating an increase in the total supply of goods and services at every price level.

-In the Above Figure, the Short-Run Aggregate Supply Curve Is