Other things equal. an improvement in productivity will


2 pts Question 23 Other things equal, an improvement in productivity will: increase the equilibrium price level. shift the ag

Answer

23. Option 3. Shift the aggregate supply curve to the right

Explanation: When there is an increase in productivity, more can be produced with the given resources. So, the aggregate supply curve would shift right.

24. Option 1. Real output per input

Explanation: Productivity measures the amount of output per unit of input.

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