The introduction of the power loom during the Industrial Revolution caused: Multiple Choice economic growth. the long-run aggregate supply curve to shift to the right. an increase in the potential output of the economy. All of these are true.

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The introduction of the power loom during the Industrial Revolution caused: Multiple Choice economic growth

Economics Aug 08, 2020

The introduction of the power loom during the Industrial Revolution caused:

Multiple Choice

economic growth.
the long-run aggregate supply curve to shift to the right.
an increase in the potential output of the economy.
All of these are true.

Expert Solution

The introduction of the power loom during the Industrial Revolution caused All of the following.

• Economin growth

• The long run aggregate supply curve to shift to the right.

• An increase in potential output of the economy by means of Technological enhancement.

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