True
If there is any type of technological innovation then it is very beneficial for the economy and the suppliers because with less input that can produce more output
So this will cause rightward shift of short run aggregate supply curve(SRAS) in the short run
But if we talk about in long run aggregate supply then we know that long run aggregate supply curve is independent of price level so it will not affect the price level in the long run
Graph is shown below
All other things remaining the same, technological innovation will reduce the price level in the short...
15 all other things the same, a decrease in variable expense per unit will reduce the break-even point. true, false
Other things the same, as the price level falls, the exchange rate rises. A rise in the exchange rate leads to a decrease in net exports. Group of answer choices True False
It could be said that the consequence of a technological innovation that decreases the production cost of a good and causes a lower equilibrium price, in the end would have an impact of increasing the price because it would induce an increase in demand? Answer TRUE OR FALSE
Detailed explanations please! I am confused Other things the same, an increase in the expected price level shifts a short-run aggregate supply right b. short-run aggregate supply left c. aggregate-demand right. d. aggregated-demand left Figure 35-1. The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregato-demand (AD) curves. On the right-hand diagram, U represents the unemployment rate Phallips Curve SRAS 30 \B 130 15 115 High AD :Low AD 0% 10% 2 Refer to Figure 35-1. The curve...
Other things the same, as the price level rises, the real value of a dollar a. falls, and interest rates rise. b. rises, and interest rates fall. C. rises, and interest rates rise. d. falls, and interest rates fall.
37. If every firm in a perfectly competitive industry experiences the same technological improvement, then A. the firm's short-run supply curves will shift to the right. B. the industry's short-run supply curve will shift to the right. C. the industry's long-run supply curve will shift downward or to the right D. All of the above statements are true. E. Only A and B are true. D, a, ap, o, 38. In a perfectly competitive, constant-cost industry, the long-run equilibrium price...
Other things the same, as the price level falls, which of the following increases? a. lending and investment spending b. lending, but not investment spending • C. investment spending, but not lending d. neither investment spending nor lending
Suppose velocity rises and the money supply falls. How will things change in the AD–AS framework if a change in the money supply is completely offset by a change in velocity? Check all that apply. The increase in velocity could shift the AD curve to the left by the same amount as the fall in the money supply shifts the AD curve to the right. Changes in the money supply would have no effect on Real GDP, the short-run price...
5 percent increase in corporate income tax rates will, other things remaining the same: A. Decrease the average propensity to consume B. Shift the marginal efficiency of investment (MEI) curve to the left C. Shift the MEI curve to the right D. Have no effect on the MEI curve
An increase in wages, other things constant, would shift the short run aggregate supply curve upward. True or False, Explain your answer