d. Suppose that the increase in input price does not occur but, instead, that productivity increases by
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d. Suppose that the increase in input price does not occur but, instead, that productivity increases by 100 percent.
What would be the new per-unit cost of production? What effect would this change in per-unit production cost have on the economy’s aggregate supply curve? What effect would this shift of aggregate supply have on the price level and the level of real output?
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Related Book For 
Essentials Of Economics
ISBN: 9780073511313
2nd Edition
Authors: Stanley L. Brue, Campbell R. McConnell, Sean M. Flynn
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