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Long Run Aggregate Supply
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Long Run Aggregate Supply
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17. Aggregate Demand and Aggregate Supply Analysis / Long Run Aggregate Supply / Problem 8
Problem 8
What is the likely effect on the LRAS curve if a country experiences a significant technological advancement?
A
The LRAS curve becomes horizontal.
B
The LRAS curve shifts to the right.
C
The LRAS curve remains unchanged.
D
The LRAS curve shifts to the left.
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