.11 l AT&T; 6:31 PM 55%. ccsu.blackboard.com QUESTION 7 1 pointsSave Answer Use

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.11 l AT&T; 6:31 PM 55%. ccsu.blackboard.com QUESTION 7 1 pointsSave Answer Use the following graphs to answer questions 6-10 Panel A Which graph would represent what would happen to the AS-AD model if there was an increase in the overall level of technology for this economy? ) Panel A B. PanelB °C, Panel C OD. PanelD QUESTION 8 1 points Save Answer Which graph above would represent what would happen to the AS-AD model if consumer confidence dramatically fell? A Panel A OB. PanelB OC. Panelc OD. Panel D Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers

Explanation / Answer

7. c) Panel C

Improvement in technology increases production of goods and services which leads to increase in supply of commodity and shifts AS curve rightwards.

8. b) Panel B

Fall in consumer confidence means people will demand less goods leading to leftward shift of AD curve.

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