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Think about a change to the equilibrium in the market for all goods and services brought by the discovery of newer and better technologies. What

Think about a change to the equilibrium in the market for all goods and services brought by the discovery of newer and better technologies. What will happen to GDP and the price level as a result?

a. GDP falls and P rises

b. GDP rises and P rises

c. GDP falls and P falls

d. GDP rises and P falls

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