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Consider the entire U.S. economy. If there is widespread technological progress seen in the production of goods, which of the following will occur_________? Prices will
Consider the entire U.S. economy. If there is widespread technological progress seen in the production of goods, which of the following will occur_________?
- Prices will decrease and the quantity sold will increase.
- Prices will decrease and the quantity sold will decrease.
- Prices will increase and the quantity sold will decrease.
- Prices will increase and the quantity sold will increase.
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