Why is productivity growth considered to be the most important factor in the AD/ASAD/AS model?
A. it shifts the AD curve in the long-term
B. it shifts the AD curve in the short-term
C. it shifts the AS curve in the short-term
D. it shifts the AS curve in the long-term
Answer:D
Why is productivity growth considered to be the most important factor in the AD/ASAD/AS model?
A. it shifts the AD curve in the long-term B. it shifts the AD curve in the short-term C. it shifts the AS curve in the short-term D. it shifts the AS curve in the long-term
Explanation: Type: Multiple Choice