(05.06 MC) With the advancement in technology and an increase in labor productivity, the output of an economy increases. How is this phenomenon analogous to the outward shift of the long-run aggregate supply curve? (1 point) The decrease in output shifts the production possibility curve outwards and is similar to the rightward shift in the long-run aggregate supply curve. The increase in output shifts the production possibility curve inwards and is similar to the rightward shift in the long-run aggregate supply curve. The increase in output shifts the production possibility curve outwards and is similar to the rightward shift in the long-run aggregate supply curve. The decrease in output shifts the production possibility curve outwards and is similar to the leftward shift in the long-run aggregate supply curve. The increase in output shifts the production possibility curve outwards and is similar to the leftward shift in the long-run aggregate supply curve