Suppose that a technological advance raises total factor productivity.Explain,step-by-step,how the economy adjusts to arrive at a new long-run equilibrium.

Name: Suppose that a technological advance raises total factor productivity.Explain,step-by-step,how the economy adjusts to arrive at a new long-run equilibrium.
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The Answer of Suppose that a technological advance raises total factor productivity.Explain,step-by-step,how the economy adjusts to arrive at a new long-run equilibrium.

Suppose That a Technological Advance Raises Total Factor Productivity