Effect Of Technology On Aggregate Supply
Assuming all other factors remain constant, how do technological advancements affect aggregate supply, and why?
A
They decrease aggregate supply, because technological advancements generally reduce incomes.
B
They increase aggregate supply, because technological advancements generally allow more goods to be produced more efficiently and at a lower cost.
C
They increase aggregate supply, because technological advancements generally intensify competition among firms.
D
They decrease aggregate supply, because technological advancements generally reduce the size of the workforce.
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