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What caused the sudden increase in aggregate demand for Juul products starting in July-2015?
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- Changes in what four variables will shift the long run aggregate supply curve?Know key terms: Explain in your own words (not google) the following:-LRAS-Aggregate Demand-Aggregate Demand CurveSuppose there is an international recession hits the US economy, what is the long-run equilibrium will look like? What changes in the U.S GDP? Does it affect to the long run aggregate supply and short run aggregate supply?
- what are the aggregate demand consequences of Hurricane Katrinaor a war in the Middle East?Distinguish between a movement along the aggregate supply curve and a shift of the entire aggregate supply curve. What factors cause each to occur? Please include in your answer the COVID-19 impact in the economy.In the following table, determine how each event likely effects potential output (a.k.a., long-run aggregate supply).
- Discuss one (1) reason for the downward slopping aggregate demand curve.Explain and describe using a relevant diagram, the effect of the following events on Malaysia's short-run and long-run aggregate supply curve. Don’t forget to interpret your diagram.a. If there is an increase in energy prices in the world. b. If there is forest fires.Which of the following would cause the long run aggregate supply to decrease?O. A civil war in the country leads to destruction of property and loss of life.O. The Federal Reserve purchases $500 million in bonds from the banks.O. An unusually low temperatures in the midwest results in fewer crops than last year.O. A major breakthrough in extraction (fracking) leads to more efficient drilling of natural gas.
- For each scenario, please decide whether there will be a short-run aggregate supply increase or short-run aggregate supply decrease or No Change( not all terms will be used) A) Changes in the healthcare market cause employers to pay significantly more for health insurance they provide employees.______ B) The price of lumber, a commodity, rises drastically due to the effect of heavy winter weather in the American Northwest, where much of the world's lumbe is grown._____ C) The production of a new type of blade for their combine harvesters, a tractor used to harvest crops, has allowed wheat farmers, like Herbert, to increase productivity by 40%. _______Q.No.1. Differentiate the following by giving at least one practical exampleAggregate demand Vs Aggregate supplyDiscuss one (1) reason for the downward sloping aggregate demand curve.
