The following event has occurred in the history of the United States: S. businesses expect future profits to fall. Explain for event whether it changes short-run aggregate supply, long-run aggregate supply, aggregate demand, or some combination of them.

Q: Suppose the economy is in a long-run equilibrium a)Draw a diagram to illustrate the state of the…

A: a) In the present state the equilibrium in the economy is given by point E where all the long run…

Q: The following graph shows the short-run aggregate supply curve (ASAS), the aggregate demand curve…

A: Given,  A hypothetical economy The expected price level is equal to the actual price level,  The…

Q: Ral GDP the graph, we see that long-run aggregate supply decreased during the Great ession. This was…

A: The graph given above depicts an economy where the aggregate demand and the long run aggregate…

Q: Determine whether each of the following would cause a shift in the aggregate  demand curve , A shift…

A: The question has several parts. But we can provide solution of only first three parts. To get other…

Q: Draw the Aggregate Demand, Short Run Aggregate Supply, and Long Run Aggregate Supply, and explain…

A: Aggregate demand: It is the sum total of demand for all the goods and services that are produced in…

Q: Decide if the following events are Micro, shifting supply or demand, or Macro, shifting AD or AS.…

A: The branch of economics which studies the behaviour of individuals is called microeconomics.…

Q: Graphically illustrate the long-run aggregate supply curve.

A: Long-run aggregate supply (LRAS) shows the total planned output when the price level changes. LRAS…

Q: Explain whether each of the following events shifts the short-run aggregate-supply curve, the…

A: Here, when the iron ore is found, it increases the capability of Western Australia in iron ore,…

Q: Draw an aggregate demand and supply diagram for Japan. In the diagram, show how each of the…

A: The aggregate demand curve is downward sloping whereas aggregate supply curve is upward sloping…

Q: e Page 426 13.1. What is the aggregate demand-aggregate supply model? Fill in the blanks to complete…

A: Recessions in the United States have a long history in the United States, demonstrating that they…

Q: Which of the following causes an increase in short-run aggregate supply (SRAS)? The price level…

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

Q: 24. Firas a university student, trying to convince his colleague Bilal that the aggregate demand…

A: "Aggregate demand represents the total demand for all finished goods and services produced in an…

Q: On a graph showing the aggregate demand and aggregate supply curves, stagflation can be represented…

A: Stagflation is an economic scenario in which both inflation and unemployment are high at the same…

Q: Use the following graph to answer the next four questions. re rev Pd in The shift of line X1 to line…

A: Here, the given graph shows the aggregate demand curve (X) and aggregate supply curve (Y) and the…

Q: Use Table to answer the following questions. a. Sketch an aggregate supply and aggregate demand…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

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

A: The Long-Run Aggregate Supply (LRAS) is the aggregate supply in the economy over the long haul. This…

Q: The following events shift either aggregate demand, aggregate supply, both or neither. Using a…

A: The equilibrium price is set up where the aggregate demand and aggregate supply are equal.

Q: The graph shows the economy in long-run equilibrium at point A. LRAS, SRAS, Now assume that there is…

A: Long-run aggregate supply (LRAS): LRAS is a curve showing the relationship between the price level…

Q: Create a graph for a short-run aggregate supply curve. Use the variable ‘Price Level’ for the…

A: Macroeconomics analyzes the economy as a whole. It studies aggregate economic concepts such as…

Q: suppose that at a price index of 154 the quantity demand of u.s. real GDP is 10.0 trillion worth of…

A: Aggregate demand is expressed as the combinations of total demand for finished goods and services…

Q: The following table presents information on average price level and output (Real GDP) for Nickeltown…

A: Aggregate Demand (AD) curve is downward sloping (negative slope) because there is an inverse…

Q: In 2013, Prussia's aggregate demand curve was determined by the equation M + 1-4% A change in…

A: The quantity theory of money:The quantity theory of money equation can be written as follows:

Q: If a war breaks out and the government spends additional money on defense this will cause which of…

A: Aggregate demand shows a negative relationship between price and output.

Q: this is all one question,but i dont know how these effect long run aggregate

A: Since we answer only 3 sub-parts at a time, we are answering the first three. If you want to get…

Q: Move the graph please

A: According to the question, people is expecting rise in the price of input prices. When the price of…

Q: Draw a diagram with aggregate demand, short-run aggregate supply, and long-run aggregate supply. Be…

A:

Q: What three factors affect long-run aggregate supply? ​A. Natural Resources, Technology, and…

A: In the long run there are three factors that affect aggregate supply.

Q: 5.2 Explain why the long-run aggregate supply curve is vertical. Then, explain how each of the…

A: You have asked multiple questions. We will answer the first question for you. If you want any…

Q: The following events shift either aggregate demand, aggregate supply, both or neither. Using a…

A: Aggregate demand   = C + I + G + (X-M), C= consumption, I= Investment, G= Government spending, (X-M)…

Q: For each of the following events, draw an aggregate-demand/aggregate supply diagram and explain the…

A: Aggregate demand and aggregate supply are two forces in the market that helps in analyzing the…

Q: What is the shape of the aggregate supply curve in the long run and in the short run? Explain the…

A: The AS {"aggregate supply"} is described as the total Q {"quantity"} of output that the firms will…

Q: How does the economy return to equilibrium in response to changes in aggregate demand (AD) and…

A: When there is a change in the market equilibrium, for example a sudden change in the oil prices,…

Q: The aggregate demand curve portrays the relationship between the price level and real GDP. What are…

A: The aggregate demand curve portrays that if the price level increases, the real GDP decreases and…

Q: The following events shift either aggregate demand, aggregate supply, both or neither. Jsing a…

A: Demand and supply depict the relationship between the quantity that consumers wish to buy and the…

Q: aggregate supply

A: Out of the two, short term aggregate supply is more realistic and reflects the actual scenario of…

Q: The following events shift either aggregate demand, aggregate supply, both or neither. Using a…

A: Disclaimer :- as per guidelines you posted multipart questions therefore we are supposed to solve…

Q: Explain using graph the effect of each event on the long-run aggregate supply.1. Congress raises the…

A: AS denotes the total supply of ‘goods and services’ supplied at different prices, at a specific time…

Q: There are several determinants of aggregate supply that can cause the aggregate supply curve to…

A: Supply refers to the level of output that produced at the particular price level. For example, the…

Q: Suppose that because of globally adverse meteorological conditions, there are serious concerns of…

A: The aggregate supply curve would shift leftward due to the change in price and aggregate output.

Q: The following event has occurred in the history of the United States: The world oil price rises…

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

Q: Use the following graph to answer the next six questions. This graph shows an economy where…

A: Here, the given graph shows the aggregate demand and long-run and short aggregate supply curves with…

Q: The following graph shows aggregate demand and short-run aggregate supply. Price level 1.) Use the…

A: Aggregate demand refers to the expected amount to be received by the producer by selling the goods…

Q: un aggregate supply, and long-run aggregate supply curves, explain the process by which each of the…

A: a. A decrease in wealth of households would lead to a reduction in consumer spending. At E1 being…