429) Suppose an economy is in short-run and long-run equilibrium where its AD, SAS and LAS curves intersect. Then there is an improvement in technology which leads to a higher demand for labour, so increasing the level of natural employment and the level of pot
Answer is:
The new SAS curve will be to the left of the original SAS
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
The new AD curve will be to the left of the original AD
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People who want a job but do not have one
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The unemployment rate for males is lower than the rate for females
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