Question: Will changes in technology affect the rate at which the short-run aggregate supply curve shifts in response to an output gap? Technological advancements will make

Will changes in technology affect the rate at which the short-run aggregate supply curve shifts in response to an output gap? Technological advancements will make it (Click to select) A to change prices in response to an output gap. Thus, the short-run aggregate supply curve will adjust (Click to select) quickly to a given output gap
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
