ZuoTi.Pro
Question

economic growth can be illustrated in the AD/AS framework through __________. Select all that apply: a...

economic growth can be illustrated in the AD/AS framework through __________. Select all that apply: a shift of the short-run aggregate supply curve to the right a shift of aggregate demand curve to the left a shift of long-run aggregate supply curve to the right a shift of short-run aggregate supply curve to the left

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

As production in economy increases it leads to increase in output and lowering price level would lead to move along demand curve if Aggregate Demand is constant that is possible when Short Run Aggregate supply curve shifts rightwards as well as Long run Aggregate supply curve shifts rightwards

Option 1) and Option 3) is correct.

Shift in short run Aggregate supply curve towards right

Shift in Long run Aggregate supply curve towards right.

0 0
Add a comment
Know the answer?
Add Answer to:
economic growth can be illustrated in the AD/AS framework through __________. Select all that apply: a...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • ployment,and Inflation in the AD/AS Mode dit Courses Exploring Keynes' Law and Say's Law in the...

    ployment,and Inflation in the AD/AS Mode dit Courses Exploring Keynes' Law and Say's Law in the AD/AS model nts Question 2 Economic growth can be illustrated in the AD/AS framework through. Select all that apply: a shift of the short-run aggregate supply curve to the right a shift of aggregate demand curve to the left es ions a shift of long-run aggregate supply curve to the right a shift of short-run aggregate supply curve to the left edback on

  • Which of the following statements best describes how economic growth is represented i n the AD/AS...

    Which of the following statements best describes how economic growth is represented i n the AD/AS diagram? In the AD/AS diagram, long-run economic growth due to productivity increases over time will be represented by a gradual shift to the right of aggregate supply. In the AD/AS diagram, short-run economic growth due to productivity increases over time will be represented by a dramatic shift to the right of aggregate supply. In the AD/AS diagram, short-run economic growth due to productivity increases...

  • Suppose velocity rises and the money supply falls. How will things change in the AD–AS framework ...

    Suppose velocity rises and the money supply falls. How will things change in the AD–AS framework if a change in the money supply is completely offset by a change in velocity? Check all that apply. The increase in velocity could shift the AD curve to the left by the same amount as the fall in the money supply shifts the AD curve to the right. Changes in the money supply would have no effect on Real GDP, the short-run price...

  • During a recession consumption falls, causing the aggregate demand curve to shift to the ________. In...

    During a recession consumption falls, causing the aggregate demand curve to shift to the ________. In response, the government can increase government spending to shift the ________. a. left; aggregate demand (AD) curve to the right b. left; short-run aggregate supply (SRAS) curve to the right c. right; aggregate demand (AD) curve to the left d. right; short-run aggregate supply (SRAS) curve to the right e. left; long-run aggregate supply (LRAS) curve to the right

  • In the AS-AD model depicting economic growth, the vertical line that represents potential GDP will gradually...

    In the AS-AD model depicting economic growth, the vertical line that represents potential GDP will gradually shift to the left in the long run. shift to the right in the long run AD curve. gradually shift to the right in the long run.

  • 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.

  • QUESTION 7 (25 points): Economic Fluctuation using AD-AS framework Suppose that the short-run aggregate supply curve...

    QUESTION 7 (25 points): Economic Fluctuation using AD-AS framework Suppose that the short-run aggregate supply curve has a positive slope and that the economy starts at a long-run equilibrium. Now imagine that 10 million people move to Australia they found that Australians live an average of 10 extra years due to the relax lifestyle that they enjoy. This is a permanent change in Labor in the U.S. economy. (a) (10 points) No Policy Intervention: Using the model of Aggregate Demand...

  • We have discussed two models that describe the relationship between inflation and economic growth. Which of the followi...

    We have discussed two models that describe the relationship between inflation and economic growth. Which of the following is a property of the New Keynesian Model but NOT the Real Business Cycle (RBC) Model? Monetary policy has no effect on long run economic growth Recessions can be caused by a fall in aggregate demand. Prices are fully flexible in both the short and long run. All the above are properties of the RBC model. None of the above are properties...

  • 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...

  • A weakness of the neoclassical economic view is that it: can overlook the long-term causes of...

    A weakness of the neoclassical economic view is that it: can overlook the long-term causes of economic growth like the existing natural rate of unemployment even when the economy is at potential GDP. focuses on the long-term factors for economic growth and not the short-term causes of economic growth such as why unemployment fluctuates up and down over a few years. can overlook the efficiency of the market economy in self-correcting in the long-run. Keynes' Law says that demand creates...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT