Assume that the economy is in a full employment equilibrium. There is an improvement in overa technology for all firms. The following combination of events are likely to occur Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a output rises, prices fall b output falls, prices rise. output rises, prices rise

Assume that the economy is in a full employment equilibrium. There is an improvement in overa technology for all firms. The following combination of events are likely to occur Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a output rises, prices fall b output falls, prices rise. output rises, prices rise

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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