If the adoption of a new technology led to gains in productivity . Group of answer choices all of the choices are correct if this new technology permanently altered the productive capacity of the economy then the increase in output and decrease in inflation would be permanent as well the ensuing positive supply shock would lead to an immediate increase in output in the short-run, the ensuing increase in supply would lower inflation

Which change is illustrated by the shift taking place on this graph? a decrease in supply an increase in supply o an increase in demand o a decrease in demand

Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product