Assume an economy experiences an increase in productivity that occurs as a result of a more widespread implementation of a major technological breakthrough. Given this information, we would expect which of the following to occur?
A) aggregate demand would not change
B) aggregate demand would shift to the right
C) aggregate demand would shift to the left
D) both the aggregate demand and aggregate supply curves would shift to the left
B
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Using an example, explain the difference between a labor-intensive technology and a capital-intensive technology
What will be an ideal response?
If domestic saving exceeds investment, there will be a current account surplus
Indicate whether the statement is true or false
The type of tax receipts that has shown the largest growth since the end of World War II has been
A) personal taxes. B) contributions for social insurance. C) taxes on production and imports. D) corporate taxes.
As a general rule, you would be unwise to keep a deposit at an FDIC-insured bank in an amount greater than
a. 20 percent of the bank's reserves. b. $1,000,000. c. $250,000. d. an infinite amount; there is no limit.