An increase in worker productivity brought about by the introduction of new technology into the workplace...
An increase in worker productivity brought about by the introduction of new technology into the workplace will
- shift the long-run Phillips curve to the left.
- shift the long-run Phillips curve to the right.
- decrease aggregate demand, since workers will lose their jobs.
- increase inflation in the short-run
Homework Answers
Option a
With the increase in productivity, the output increases which reduces the unemployment and inflation, hence the Philips curve shifts to left.
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An increase in worker
productivity brought about by the introduction of new technology
into the workplace...
Will an increase in worker productivity brought about by the introduction of new technology into the...
Will an increase in worker productivity brought about by the introduction of new technology into the workplace shift the long-run Phillips curve to the left?
20. Banks decide to raise the interest rate they pay on checking accoun action would A)...
20. Banks decide to raise the interest rate they pay on checking accoun action would A) increase money demand, shifting the LM curve up and to the ci B) increase money demand, shiftino the IM curve down and to the C) decrease money demand, shifting the M curve up and to the tem D) decrease money demand, shifting the LM curve down and to cing accounts from 1% to 2%. This curve down and to the right. & the LM...
When there is a decrease in the interest rate you can expect to see Increase in...
When there is a decrease in the interest rate you can expect to see Increase in investment Decrease in Spending Increase in savings Both increase in investment and increase in savings If an economy develops a technology to produce all goods and services more efficiently ( ie. The internet) We would move up the short run aggregate supply curve We would move down the short run aggregate supply curve The long run aggregate supply curve would shift left The long...
1. . (Figure: Determining SRAS Shifts) If there are advances in technology, the short-run aggregate supply...
1.
.
(Figure: Determining SRAS Shifts) If there are advances in
technology, the short-run aggregate supply curve will shift from
SRAS0 to _____ and the price level will shift to
_____.
SRAS1; P0
SRAS2; P2
SRAS2; P1
SRAS1; P1
2.
Simultaneous recession and deflation can be explained by:
a decrease in aggregate supply.
an increase in aggregate supply.
a decrease in aggregate demand.
an increase in aggregate demand.
3.
Which is a determinant of aggregate supply?
household expectations
prices of...
4. Which of the following will cause an increase in output per worker in the long...
4. Which of the following will cause an increase in output per worker in the long run? A. an increase in the saving rate ( B. a reduction in the depreciation rate C. an increase in the stock of human capital D. an improvement of technology 5. Suppose, due to a military conflict, that a country experiences a large reduction in its capital stock. Assume no other effects of this event on the economy. Which of the following will tend...
Answer these 4 will rate after Graphically, a negative supply shock, such as the increase in...
Answer these 4 will rate after
Graphically, a negative supply shock, such as the increase in oil prices in 1973, can be shown as: O a leftward shift of the AD curve. a downward and to the right shift of the SR-AS curve. an upward and to the left shift of SR-AS curve. O a rightward shift of the AD curve. Decreases in short-run aggregate supply due to a reduction in the nation's resources result in O an increase in...
What reference? Name: For each of the following events, use an AD-AS diagram to show the...
What reference?
Name: For each of the following events, use an AD-AS diagram to show the short-run and long-run effects on output and the price level (inflation rate); identify any output gap. Assume the economy starts in long run equilibrium. (1) The government reduces income taxes AS P AD (2) A decrease in consumer confidence leads to lower consumption spending AS P. AD AD-AS practice assignment.pdf 2/2 (3) The Fed decreases the money supply AS Pe K AD y* (4)...
An increase in expected inflation shifts the short-run Phillips curve right. a. b. short-run Phillips curve...
An increase in expected inflation shifts the short-run Phillips curve right. a. b. short-run Phillips curve left. long-run Phillips curve right. C. d. long-run Phillips curve left. O Icon Key
11. How does a decrease in the expected rate of inflation shift the Phillips curves? a....
11. How does a decrease in the expected rate of inflation shift the Phillips curves? a. It shifts both the short-run and long-run Phillips curves to the right. b. It shifts both the short-run and long-run Phillips curves to the left. It shifts only the short-run Phillips curve to the right. d. It shifts only the short-run Phillips curve to the left. in hou do the short-run Phillips curve and unemplo C.
6. Demonstrate the decrease in wealth using the closed AD-AS model, ceteris paribus, in both the...
6. Demonstrate the decrease in wealth using the closed AD-AS model, ceteris paribus, in both the short-run and long-run. Assumptions: (1) start in long-run equilibrium; (2) prices are sticky; (3) nominal wages are fixed in the short-run. [Note: this is the self-correcting version.] [Sub-questions 6-10 are connected.] In the short-run, _______ shifts _______. A. the aggregate demand curve; leftward B. the aggregate demand curve; rightward C. the short-run aggregate supply curve; leftward D. the short-run aggregate supply curve; rightward E....
20. Banks decide to raise the interest rate they pay on checking accoun action would A) increase money demand, shifting the LM curve up and to the ci B) increase money demand, shiftino the IM curve down and to the C) decrease money demand, shifting the M curve up and to the tem D) decrease money demand, shifting the LM curve down and to cing accounts from 1% to 2%. This curve down and to the right. & the LM...
1.
.
(Figure: Determining SRAS Shifts) If there are advances in
technology, the short-run aggregate supply curve will shift from
SRAS0 to _____ and the price level will shift to
_____.
SRAS1; P0
SRAS2; P2
SRAS2; P1
SRAS1; P1
2.
Simultaneous recession and deflation can be explained by:
a decrease in aggregate supply.
an increase in aggregate supply.
a decrease in aggregate demand.
an increase in aggregate demand.
3.
Which is a determinant of aggregate supply?
household expectations
prices of...
4. Which of the following will cause an increase in output per worker in the long run? A. an increase in the saving rate ( B. a reduction in the depreciation rate C. an increase in the stock of human capital D. an improvement of technology 5. Suppose, due to a military conflict, that a country experiences a large reduction in its capital stock. Assume no other effects of this event on the economy. Which of the following will tend...
Answer these 4 will rate after
Graphically, a negative supply shock, such as the increase in oil prices in 1973, can be shown as: O a leftward shift of the AD curve. a downward and to the right shift of the SR-AS curve. an upward and to the left shift of SR-AS curve. O a rightward shift of the AD curve. Decreases in short-run aggregate supply due to a reduction in the nation's resources result in O an increase in...
What reference?
Name: For each of the following events, use an AD-AS diagram to show the short-run and long-run effects on output and the price level (inflation rate); identify any output gap. Assume the economy starts in long run equilibrium. (1) The government reduces income taxes AS P AD (2) A decrease in consumer confidence leads to lower consumption spending AS P. AD AD-AS practice assignment.pdf 2/2 (3) The Fed decreases the money supply AS Pe K AD y* (4)...
An increase in expected inflation shifts the short-run Phillips curve right. a. b. short-run Phillips curve left. long-run Phillips curve right. C. d. long-run Phillips curve left. O Icon Key
11. How does a decrease in the expected rate of inflation shift the Phillips curves? a. It shifts both the short-run and long-run Phillips curves to the right. b. It shifts both the short-run and long-run Phillips curves to the left. It shifts only the short-run Phillips curve to the right. d. It shifts only the short-run Phillips curve to the left. in hou do the short-run Phillips curve and unemplo C.
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