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. |
Homework Answers
Answer option c)
Since supply shock is adverse, so supply will surely fall, thus no curve will shift outwards, hence option d & e are wrong.
Both LRAS & SRAS will shift to left, inwards , due to adverse supply shock like bad weather, increased threats of of terrorism, storms etc
Add Answer to:
An adverse supply shock would shift:
a.
only the long-run aggregate supply curve inward.
b....
A supply shock causes a shift in: a. long-run aggregate supply. b. aggregate demand. c. short-run and long-run aggregat...
A supply shock causes a shift in:
a. long-run aggregate supply.
b. aggregate demand.
c. short-run and long-run aggregate supply.
d. short-run aggregate supply.
e. aggregate demand and short-run aggregate supply.
Consider the exhibit below for the following questions.
Figure 20-1
Refer to Figure 20-1. The economy would be moving to long-run
equilibrium if it started at
a. A and moved to B.
b. C and moved to B.
c. D and moved to C.
d. None of the above...
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...
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....
At points on the short-run aggregate supply curve, but to the right of the long-run aggregate...
At points on the short-run aggregate supply curve, but to the right of the long-run aggregate supply curve, resources are: A. over-utilized, making it more likely that the short-run aggregate supply curve will shift up (to the left) B. over-utilized, making it more likely that the short-run aggregate supply curve will shift down (to the right) ° C. under-utilized, making it more likely that the short-run aggregate supply curve will shift up (to the left) D. under-utilized, making it more...
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...
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...
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.
Draw the Long Run Aggregate Supply Curve and Short Run Aggregate Supply Curve. Describe two theories...
Draw the Long Run Aggregate Supply Curve and Short Run Aggregate Supply Curve. Describe two theories that explain why those curves are different.
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...
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.
A supply shock causes a shift in:
a. long-run aggregate supply.
b. aggregate demand.
c. short-run and long-run aggregate supply.
d. short-run aggregate supply.
e. aggregate demand and short-run aggregate supply.
Consider the exhibit below for the following questions.
Figure 20-1
Refer to Figure 20-1. The economy would be moving to long-run
equilibrium if it started at
a. A and moved to B.
b. C and moved to B.
c. D and moved to C.
d. None of the above...
At points on the short-run aggregate supply curve, but to the right of the long-run aggregate supply curve, resources are: A. over-utilized, making it more likely that the short-run aggregate supply curve will shift up (to the left) B. over-utilized, making it more likely that the short-run aggregate supply curve will shift down (to the right) ° C. under-utilized, making it more likely that the short-run aggregate supply curve will shift up (to the left) D. under-utilized, making it more...
When the long-run aggregate supply curve shifts, the short-run aggregate supply curve may or may not shift in the same direction.
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...
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.
Most questions answered within 3 hours.
-
The Problem: The Case of the Harmonizing Vacations
Your CEO is exploring partnering with a European...
asked 43 minutes ago -
A chemical equation is balanced by adding coefficients in front
of some formulas so that the...
asked 42 minutes ago -
From the literature (reference your sources): What are the
lattice parameters of calcite and aragonite? Why...
asked 1 hour ago -
Your system is rejecting the question am asking which is
preceded by a case study. It...
asked 1 hour ago -
3. On January 2, 2000, Larry creates a trust with himself as
trustee. Larry as trustee...
asked 1 hour ago -
A member of the volleyball team spikes the ball. During this
process, she changes the velocity...
asked 1 hour ago -
Are adult gamers less likely to use a gaming console (Xbox,
PlayStation, Wii, etc...) than teen...
asked 2 hours ago -
The University of
Texas recently reported that 43% of college students aged 18-24
would spend their...
asked 2 hours ago -
The length of stay at a specific emergency department in
Phoenix, Arizona, in 2009 had a...
asked 1 hour ago -
. Please give the mechanism for this type of problem. Step by
Step
The toxin that...
asked 1 hour ago -
If you have a 1M stock solution and you want to dilute 1 :10
with water,...
asked 1 hour ago -
In a load instruction, the effective address is obtained by
A) Retriving the address from a...
asked 1 hour ago