Question
In the AD-AS model,if technological advancements such as automation allow firms to be more productive, then: Theshort-run aggregate supply will first shift to the left;
In the AD-AS model,if technological advancements such as automation allow firms to be more productive, then:
Theshort-run aggregate supply will first shift to the left; however, as wages adjust, it shifts back to the right. Overall, long-run aggregate supply does not change.
Theshort-run aggregate supply will first shift to the right; however, as wages adjust, it shifts back to the left. Overall, long-run aggregate supply does not change.
Thelong-run aggregate supply will first shift to the right.
Neither short-run aggregate supply nor long-run aggregate supply will be affected.
The long-run aggregate supply curve will shift to the left.
Can you help please :)
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