Homework Answers
As the point is on the right of the long run supply curve, it means that the resources are over-utilized and when the resources are over-utilized the short run aggregate supply curve will shift up ( to the left) to reach at the long run equilibrium.
So Ans is A) Over-utilized, making it more likely that the short run aggregate supply curve will shift up.
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At points on the short-run aggregate supply curve, but to the right of the long-run aggregate...
If technological change occurs in the economy, the long-run aggregate supply curve will shift to the right. the lon...
If technological change occurs in the economy, the long-run aggregate supply curve will shift to the right. the long-run aggregate supply curve will shift to the left. we will move down along the long-run aggregate supply curve. we will move up along the long-run aggregate supply curve.
the short-run aggregate supply curve is most likely to shift down The short-run aggregate supply curve...
the short-run aggregate supply curve is most likely to shift
down
The short-run aggregate supply curve is most likely to shift down to the right) when actual output is: Multiple Choice not equal to potential output, regardless of whether it is above or below. greater than potential output equal to potential output. less than potential output
If technological advancement occurs in the economy, , OA. the long-run aggregate supply curve will shift...
If technological advancement occurs in the economy, , OA. the long-run aggregate supply curve will shift to the right. OB. the long-run aggregate supply curve will shift to the left. Oc. we will move up along the long-run aggregate supply curve. Od. we will move down along the long-run aggregate supply curve.
Please help with both questions The short-run aggregate supply curve is horizontal when Othere are unemployed...
Please help with both questions
The short-run aggregate supply curve is horizontal when Othere are unemployed resources and prices do not increase when aggregate demand increases. there are no unemployed resources and prices do not increase when aggregate demand or supply increases. prices are inflexible and the economy is at full employment. Othere are unemployed resources and prices do not decrease when aggregate supply increases. 0.5 points Save Answer QUESTION 6 A reduction in nominal wages will cause which of...
Describe the short-run aggregate supply (SRAS) curve and the long-run aggregate supply (LRAS) curve. A. the...
Describe the short-run aggregate supply (SRAS) curve and the long-run aggregate supply (LRAS) curve. A. the SRAS curve is horizontal and the LRAS curve is upward sloping B. the SRAS curve is horizontal and the LRAS curve is vertical C. the SRAS curve is vertical and the LRAS curve is horizontal D. the SRAS curve is vertical and the LRAS curve is upward sloping Why is the short-run aggregate supply curve horizontal? A. because output is fixed in the short...
17- Both the long run and short run aggregate supply curve will shift when an event...
17- Both the long run and short run aggregate supply curve will shift when an event occurs which is expected to last only a short period of time. they are both upward sloping. a war occurs in the Middle East. the endowments of the factors of production changes 19- Cost-push inflation occurs when the aggregate supply curve shifts to the right, while aggregate demand remains stable. when the aggregate demand curve shifts to the left, while aggregate supply remains stable....
When the long-run aggregate supply curve shifts, the short-run aggregate supply curve may or may not...
When the long-run aggregate supply curve shifts, the short-run aggregate supply curve may or may not shift in the same direction.
a) Provide a factor that would shift the long-run aggregate supply (LRAS) curve to the right....
a) Provide a factor that would shift the long-run aggregate supply (LRAS) curve to the right. What does this shift in LRAS imply for aggregate output? Use the Aggregate Demand and Supply model to illustrate this event. Make sure you properly label all the axes and curves. (You only need to draw a shift in LRAS curve, no need to draw other curves). b) Provide a factor that would shift the short-run aggregate supply (SRAS) curve upward (and to the...
An adverse supply shock would shift: a. only the long-run aggregate supply curve inward. b....
An adverse supply shock would shift: a. only the long-run aggregate supply curve inward. b. only the short-run aggregate supply curve inward. c. both the long-run and the short-run aggregate supply curves inward. d. only the short-run aggregate supply curve outward. e. only the long-run aggregate supply curve outward.
The effects of a higher than expected price level are shown by a. shifting the short-run aggregate supply curve right. b...
The effects of a higher than expected price level are shown by a. shifting the short-run aggregate supply curve right. b. shifting the short-run aggregate supply curve left. c. moving to the right along a given aggregate supply curve. d. moving to the left along a given aggregate supply curve.
If technological change occurs in the economy, the long-run aggregate supply curve will shift to the right. the long-run aggregate supply curve will shift to the left. we will move down along the long-run aggregate supply curve. we will move up along the long-run aggregate supply curve.
the short-run aggregate supply curve is most likely to shift
down
The short-run aggregate supply curve is most likely to shift down to the right) when actual output is: Multiple Choice not equal to potential output, regardless of whether it is above or below. greater than potential output equal to potential output. less than potential output
If technological advancement occurs in the economy, , OA. the long-run aggregate supply curve will shift to the right. OB. the long-run aggregate supply curve will shift to the left. Oc. we will move up along the long-run aggregate supply curve. Od. we will move down along the long-run aggregate supply curve.
Please help with both questions
The short-run aggregate supply curve is horizontal when Othere are unemployed resources and prices do not increase when aggregate demand increases. there are no unemployed resources and prices do not increase when aggregate demand or supply increases. prices are inflexible and the economy is at full employment. Othere are unemployed resources and prices do not decrease when aggregate supply increases. 0.5 points Save Answer QUESTION 6 A reduction in nominal wages will cause which of...
When the long-run aggregate supply curve shifts, the short-run aggregate supply curve may or may not shift in the same direction.
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