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Author Question: An advance in technology will A) not shift the production function but will lead to a movement ... (Read 28 times)

SO00

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on: Jun 29, 2018
An advance in technology will
 
  A) not shift the production function but will lead to a movement down along the production function.
  B) shift the production function downward.
  C) not shift the production function but will lead to a movement up along the production function.
  D) shift the production function upward.

Question 2

If the money wage rate rises, then the
 
  A) SAS curve shifts rightward.
  B) SAS curve shifts leftward.
  C) LAS curve shifts rightward.
  D) LAS curve shifts leftward.


livaneabi

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


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