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a technological advance in the application of computer

(i) A technological advance in the application of computers. i) A drought in Thailands North and Northeast.

for each following events,
- indiacte which curve(s) of the thai economy--the aggregate demand(AD),short-run aggregate supply(SRAS),long-rub aggragte supply(LRAS),or any combination of the three-- will initally shift;
-specify the direction of the shift of the curve(s)moving to the right or to the left.
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Answer #1

i.

It will make SRAS to increase due to technological advances as it increases the productivity. It will make SRAS curve to shift to the right direction.

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J.

A drought will create reduced production of inputs and cost of production will increase. As a result, SRAS will decrease and SRAS will curve shift to the left.

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