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If the government in Longhorntopia encouraged technological advancement by offering government subsidies what would be the effect in the long run? (5.7) Positive supply shock

If the government in Longhorntopia encouraged technological advancement by offering government subsidies what would be the effect in the long run? (5.7) Positive supply shock Negative supply shock Lower Price level Higher Price Level Group of answer choices I and III I and IV II and III II and IV None of the above

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