An increase in worker productivity/output per hour will shift the short run aggregate supply curve to the right True     / False

Q: A new batch of college graduates enter the workforce boosting the labor productivity of corpor…

A: Aggregate demand is the total spending on domestically made goods and services in an economy.…

Q: Starting with a short run and long run equilibrium, assume a war breaks out, then," a.government…

A: Short-run equilibrium occurs at the intersection point of the short-run aggregate supply (SRAS) and…

Q: The short-run aggregate supply curve will shift up if-------. Select one: a. government spending…

A: The short-run aggregate supply curve is an upward sloping curve. While the long-run aggregates…

Q: An increase in the money wage rate shifts the short-run aggregate supply curve an increase in…

A: The money wage rate affects the short-run aggregate supply. If the money wage rate increases, then…

Q: True or false The aggregate supply curve is vertical in the long run at the full-employment level…

A: According to the given question Answer is TRUE

Q: When does macroeconomic equilibrium occur? Multiple Choice When exports equal imports. When the…

A: When studying economics, macroeconomics deals with broader concepts of economics that provide…

Q: The following table lists several determinants of short-run aggregate supply. Fill in the table by…

A: The total supply of goods and services produced within an economy at a given overall price in a…

Q: Which of the following causes the short-run aggregate supply curve to slope upwards? a) Wealth…

A: A temporary change in price level brought changes in the decision of what to be sold in the market.…

Q: Which of the following shifts short-run, but not long-run aggregate supply right? Answer a decrease…

A: Answer: Correct option: decrease in the expected price level Explanation: If the suppliers or firms…

Q: Which of the following explains why the long-run aggregate supply curve corresponds to the…

A: PPC demonstrates different amount of two commodities that a nation can produce with its available…

Q: The aggregate supply curve (short run) is upward-sloping because ______

A: The Aggregate Supply Curve shows relationship between price level and total supply in the economy.…

Q: The long-run aggregate supply curve shifts right if   immigration from abroad increases. the capital…

A: The long-run aggregate supply curve shows the potential output of the economy in the long run. It…

Q: What would happen to short- and long-run aggregate supply if unusually good weather led to bumper…

A: To determine the impacts on the short run aggregate supply and the long run aggregate supply if…

Q: The effects of a higher than expected price level are shown by   shifting the short-run aggregate…

A: The prices that the firms expect to charge is called the expected price-level. Inflation can lead to…

Q: Which range of aggregate supply would represent an economy where prices are rising as output…

A: The aggregate supply of a country's economy is its output of goods and services. The four production…

Q: Q35 The positive relationship between short-run aggregate supply and the price level indicates…

A: Aggregate supply curve is related to price and output. As money wage rate increases, aggregate…

Q: Explain whether each of the following events will increase, decrease, or have no effect on long run…

A: During long-run time intervals every factor can be changed and the factors in the long-run time…

Q: Aggregate Supply Curve may shift to right due to improvement in technology

A: An rise in technology causes all AS curve to move rightward. A reduction in technology causes all AS…

Q: An increase in resources available would decrease potential GDP and the long-run aggregate supply…

A: The goods and services are produced with the help of the resources available in the economy. The…

Q: An increase in price expectations shifts the long-run aggregate-supply curve to the left True/False

A: # While making the final purchases, we often has to keep some reference points. Such reference…

Q: For each of the scenarios, please decide whether there will be an increase or decrease in short-run…

A: 1a: Since there is a the cost of health insurance is increases, it leads to reduces the demand and…

Q: what impact would a change that shift an economys production possibilities curve outward have on the…

A: Outward production possibility curve would increase efficiency.

Q: Which of the following are assumed to remain unchanged along a given short-run aggregate supply…

A: The aggregate supply curve depicts the quantity of real GDP that is supplied by the economy at…

Q: The aggregate supply shifts to the right if: A. supplies of resources increase. B. investment…

A: The aggregate supply curve movements to one side as productivity increases or the cost of key…

Q: "The oil price run - up of 2007 - 08 was caused by strong demand confronting stagnating world…

A: If the oil price rises, then the cost of production will increase. Therefore, the supply of…

Q: Changes in what four variables will shift the long run aggregate supply curve?

A: (Q) Changes in what four variables will shift the long run aggregate supply curve?

Q: improvements in productivity shift the aggregate supply curve outward. true false

A: The aggregate supply curve shows the total quantity of output real GDP that firms will produce and…

Q: Which of the following would cause a shift in the short run aggregate supply curve? A decrease in…

A: PLEASE FIND THE ANSWER BELOW.

Q: Why does the short-run aggregate supply curve slope upward to the right? If the prices of both (a)…

A: Aggregate supply is the total amount of services and commodities that firms in an economic plan to…

Q: Which of the following is likely to occur if an increase in legal immigrants significantly reduces…

A: Immigration refers to the international movement of people to a country of which they are not…

Q: When production in an economy grows more quickly than the population in that economy, which of the…

A: Note: Since you've asked multiple question, we will solve the first question for you. If you want…

Q: The short-run aggregate supply curve will shift up if:    wages decrease. productivity increases.…

A: Aggregate supply is used along with the aggregate demand curve to depict the macroeconomic…

Q: Along the long-run aggregate supply curve, the level of Real GDP supplied with increases in the…

A: The aggregate supply curve is an upward sloping curve that shows the relationship between the level…

Q: During the transition from the short run to the long run, price level expectations will (remain the…

A: In the long run, when there is an decrease in consumption, it leads to increase in savings which…

Q: The long-run aggregate supply curve shifts right if Answer immigration from abroad increases. the…

A: The aggregate supply refers to the total quantity of all the goods, and services produced in an…

Q: In the following table, determine how each event affects the position of the long-run aggregate…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Which of the following would be most likely to shift the long-run aggregate supply curve (LRAS) to…

A: Answer is 'an increase in labor productivity as the result of improved computer technology and…

Q: Price Level Prices for plastic, a key input in many industries, have decreased due to new technology…

A: Aggregate demand is a macroeconomic term that refers to the total demand for goods and services over…

Q: How would the long-run equilibrium output change if the price level fell?  Decrease, Increase or No…

A: The aggregate supply is the total amount of services and commodities that firms in an economic plan…

Q: Draw Aggregate Demand, Short Run Aggregate Supply, and Long Run Aggregate Supply as if an economy is…

A: The economy is in short run equilibrium where aggregate demand intersects short run aggregate supply…

Q: Which of the following causes the short-run aggregate demand curve to slope downwards? a) Changes…

A: The demand curve slope downwards when there is a fall in the price level, there is a movement along…

Q: Assume that aggregate demand is unaffected by the gas tax holiday. After the economy has fully…

A: Due to the gas tax holiday, in the longrun, the aggregate demand curve will not be affected and a…

Q: Which of these will shift the short-run aggregate supply curve to the right? an increase in the…

A: Short run Aggregate supply curve is an upward sloping curve, depicting positive relation between…