Question

IS NOTHING 숱 courses aplia.com XTRA CREDIT: CHAPTER 15 HOMEWORK Graded Assignment | Read Chapter 15 Back to Assignment Due Friday 04.26.1 Average: /3 8. Problems and Applications Q8 For each of the following events, use the subsequent graph to lustrate the short-run effect on aggregate supply and aggregate demand. Households spend more in response to a tax cut. Aggregate Demand Aggregate Supply LRAS Quantity of Output The price of crude ol decreases 渋: 20 FS F8 슐 courses.aplia.com FULL: Aplia Lab Aplia: Student Question Quantity of Output The price of crude oill decreases Aggregate Aggregate Demand Aggregate Supply LRAS Demand Quantity of Output Increased job opportunities overseas cause many people to leave the country Demand Quantity of Output Increased job opportunities overseas cause many people to leave the country. Aggregate Demand Aggregate Supply LRAS e Demand Quantay of Output F3 FS F6 FT

Answer 1

8.

Aggregate Demand Aggregate Supply e Demand Quantty of Output

As the price of oil decreases, the cost of production decreases which increases supply

2. As many people leave the country the labor force decreases which reduces the labor and hence the supply and demand both decreases

gr gate Supply Aggregate Demand Aggregate Supply LRAS e Demand Quantity of Output