Business, 07.11.2019 03:31 kelli151

Settings suppose an economy experiences technological progress and this causes a shift in the lras curve. which of the following should not occur?
a. there will be reduced pressure on prices as the economy has the ability to produce more real gdp.
b. there should be a shift to the right in the sras curve because the increased technology reduces the cost of producing goods in the economy.
c. there will be an increase in government purchases as the economy has more income.
d. there should be an increase in the amount of income which will cause an increase in ad.

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