Which of the following might cause the LRAS to shift to the right? A. An increase in the money supply B. An improvement in technology C. A destructive war D. Lower taxes
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Which of the following might cause the LRAS to shift to the right?
A. An increase in the money supply
B. An improvement in technology
C. A destructive war
D. Lower taxes
When the money supply increases, it leads reduces the interest rate. This in turn reduces the cost of borrowing. Decreasing the cost of borrowing is increases the investment, employment and output. This in turn increases the supply of goods and services and shifts the LRAS curve rightward.
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- A country has two regions, the North and the South, which are identical in all respects except the hourly wage and the number of workers. The demand for labor in each region iswN = $20 - .5EN and wS = $20 - .5ESwhere EN and ES are millions of workers. Currently there are 6 million workers in the North and 18 million workers in the South.a. What is the wage in each region?b. If there are no shocks to the economy, migration over time will result in an equalization of wages and employment. What would be the long-run wage and employment level in each region?c. Return to the original setup where there are 6 million workers in the North and 18 million workers in the South. As a policymaker, you decide not only to allow 2 million immigrants of working age to enter your country, but you have the authority to resettle the immigrants wherever you want. How should you distribute immigrants across the regions to maximize the country’s immigration surplus? Besides maximizing the immigration surplus…Discuss how to control or reduce the Inflation and Unemployment.b. Classify each of the following statements as positive or normative. Explain.i. Bahamas faces a trade-off between inflation and unemployment ii. The ECCB should reduce the interest rates iii. St. Lucia ought to provide a pension for all citizens iv. Higher tax rates discourage savings an working.
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- Which would likely increase the average level of interest rates for auto loans? Select one: a. An increase in inflation. b. An increase in the unemployment rate. c. A decrease in the level of business investment. d. A decrease in the amount of consumer spending.Just by having money doesn't make a country rich. It's what the country can produce that makes a country rich. Inflation/deflation is all around us. Have you notice any price changes in the everyday purchase you make? Just for example, for my 1st semester at UH, it cost me $1500 for 12 credit hours. Today it will cost close to $4000. What kind of impact do these price changes have on your life? you budget? Please describe in detail.Why the rise of inflation rate makes the export become more cheaper?