T/F - An increase in the supply of resources causes the economy to move along the aggregate supply curve.
TRUE or FALSE: Indicate whether the following questions are true or false and then EXPLAIN why.
An increase in the supply of resources causes the economy to move along the aggregate supply curve.
Homework Answers
true.as supply of resources increase their cost reduces so supply increases
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T/F - An increase in the supply of resources causes the economy to move along the aggregate supply curve.
True or False: Indicate whether the following questions are true or false and then EXPLAIN why. 1. An increase in price expectations shifts the long-run aggregate supply curve to the left. 2. All expl...
True or False: Indicate whether the following questions are true or false and then EXPLAIN why. 1. An increase in price expectations shifts the long-run aggregate supply curve to the left. 2. All explanations for the upward slope of the short-run aggregate supply curve suppose that the quantity of output supplied increases when the actual price level exceeds the price level that was expected. 3. One reason the Aggregate Demand curve slopes downward is the real wealth effect: a decrease...
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.
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.
In the AD–AS diagram, an increase in money supply growth causes: a shift of the aggregate...
In the AD–AS diagram, an increase in money supply growth causes: a shift of the aggregate demand curve to the left. a shift of the aggregate demand curve to the right. a downward movement along the aggregate demand curve. an upward movement along the aggregate demand curve.
If the price level decreases, then aggregate demand increase along the AD curve but the curve doesn’t shift. a. True b....
If the price level decreases, then aggregate demand increase along the AD curve but the curve doesn’t shift. a. True b. False The Long-run Aggregate Supply Curve (LRAS) can shift to the right because of: a. Discovery of more natural resources b. Development of more efficient technology c. Inviting more labor force through Immigration d. All of the above Which of the following may happen due to a crash in the stock market: a. AD curve may shift to the...
An increase in the price level will A) shift the aggregate demand curve to the left.
7) An increase in the price level will A) shift the aggregate demand curve to the left. B) shift the aggregate demand curve to the right. C) move the economy up along the aggregate demand curve. D) move the economy down along the aggregate demand curve. 8) Expansionary monetary policy involves A) reducing money supply and lowering taxes B) increasing money supply to decrease interest rate C) increasing government spending and cutting money supply D) increasing the interest rate and increasing taxes 9) Long-run macroeconomic equilibrium occurs when A) aggregate demand...
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...
Which of the following will increase both the short-run and long-run aggregate supply curves? A. There...
Which of the following will increase both the short-run and long-run aggregate supply curves? A. There are fewer firms involved in perfectly competitive and monopolistically competitive market structures as the economy features more oligopolies than before. B. The wage rate temporarily decreases throughout the economy. C. Younger workers in the labour force receive better and more training than their predecessors. D. The supply of key raw materials, such as petroleum and bauxite, is reduced. Which of the following is true...
please help both 1. when the aggregate supply curve is vertical, which of the following is...
please help both 1. when the aggregate supply curve is vertical, which of the following is not true? 1. the economy is producing the maximum sustainable level of output. 2. any increase in the price level will not cause an increase in aggregate output. 3. the economy is expanding quickly 4. the economy is at capacity 2. if the economy is operating on the relatively vertical segment of the aggregate supply curve, an increase in aggregate demand causes a ________...
Question 89 An increase in the price level will ________. A. shift the aggregate demand curve...
Question 89 An increase in the price level will ________. A. shift the aggregate demand curve to the left B. shift the aggregate demand curve to the right C. move the economy up along a stationary aggregate demand curve D. move the economy down along a stationary aggregate demand curve BAM223 - PRINCIPLES OF ECONOMICS
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.
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.
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...
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