Which of the following would not cause a shift in the long-run aggregate supply curve? a) An increase in the available capital b) An increase in the available technology c) An increase in price expectations d) An increase in the available labour e) All the above

Q: If the short-run aggregate supply curve intersects the aggregate demand curve to the right of…

A: The potential level of GDP is the level which can be achieved by the economy through the efficient…

Q: The long-run aggregate supply curve shifts right if the capital stock decreases. O the government…

A: The long run aggregate supply curve shifts rightwards when there is an increase in the quantity of…

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: Q2. Explain whether each of the following events will increase, decrease or have no effect on…

A: 1)c) TNB investing in new electricity transmission would have an impact on long-run aggregate supply…

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: Assume that the United States economy is currently in a recession in a short-run equilibrium. Draw…

A: When the economy is in recession, real GDP is less than potential GDP.

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 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: In the upward-sloping segment of the aggregate supply curve, a. producers can hire more workers…

A: The aggregate supply is total supply by all producers. The supply slopes upward signifying positive…

Q: Which of the following would cause an increase in long-run aggregate supply? The price level…

A: AS(Aggregate supply) is the curve which shows the relationship between P(price level) and…

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: A decrease in the price level accompanied by no change in the money wage rate leads to movement…

A: The short-run aggregate supply (SRAS) curve depicts the positive relationship between price and…

Q: Which of the following does not shift the aggregate supply curve? Changes to technology Increases in…

A: Aggregate demand and aggregate supply are the two most important variables in macroeconomy.…

Q: Suppose firms become very optimistic about future business conditions and invest heavily in new…

A: If firms become very optimistic about future business conditions and invest heavily in new capital…

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: ) What is the equation of the long-run aggregate supply curve? The income velocity of money is…

A: Over the long haul, the aggregate supply curve is entirely upward, mirroring financial analysts'…

Q: The computer industry developed a new technology that reduces the number of resources used to build…

A: Aggregate demand: Aggregate demand can be defined as the sum total of all the goods and services…

Q: The upward slope of the short-run aggregate supply curve is based on the assumption that:   1)…

A: When talking about aggregate demand and aggregate supply, the slope of thise curves depends upon…

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: 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: In the short run with predetermined prices, when output is greater than planned aggregate…

A: Meaning of Aggregate Demand and Aggregate Supply: The term aggregate demand refers to the…

Q: In the Aggregate Supply/Aggregate Demand model, a short-run equilibrium with an output gap of zero…

A: Output gap: It refers to the gap that occurs between the actual GDP of the economy or in the…

Q: A decrease in the nominal wage will cause the aggregate supply curve to   a. become steeper. .   b.…

A: When there is a change in price of good, it causes movement along the demand curve or supply curve.…

Q: The long-run aggregate supply curve is upward-sloping and becomes steeper at output levels above…

A: Aggregate supply represents the total goods and services that producers produce and sell in the…

Q: aggregate price level and aggregate output Severe weather in Mpumalanga and Limpopo in January 2021…

A: Aggregate supply is a macroeconomic concept that helps in determining the total number of quantity…

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 following table lists several determinants of short-run aggregate supply. Complete the table by…

A: 1)Technology should increase to increase short run aggregate supply.

Q: Which of the following shifts the long-run aggregate supply curve to the left? Either an increase…

A: The long-run aggregate supply is always a vertical curve as the potential output is not related to…

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

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

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: Suppose the full-employment level of real output (Q) is $250 and the price level (P) is initially…

A: (a) When the price level suddenly rising from 100 to 125 due to an increase in aggregate demand,…

Q: a decreasein the nominal wages will cause the aggregate supply curve to; a. become steeper b.…

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

Q: An improvement in the level of technology in an economy will result in An upward movement along the…

A: ANSWER   An improvement in the level of technology in an economy will result in

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: Consider the different characteristics of the aggregate demand curve and the short‑run aggregate…

A: 1.  Shift when consumers wealth changes is a characteristic of Aggregate Demand. The government…

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: All of the following impact (shift) the short-run aggregate supply curve EXCEPTtechnological…

A: In the short run, the factors that lead to a change in the aggregate supply curve are,change in…

Q: Researchers in an oil producing country discover a cost effective method using existing levels of…

A: As given that, researchers in an oil producing country discover a cost effective method using…

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: Which of the following is an assumption of the aggregate demand-aggregate supply model? A. An…

A: When talking about aggregate demand and aggregate supply model, it is the model to represent the…

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: Starting from long-run equilibrium, a large increase in government purchases will result in a output…

A: Expansionary gap is the gap between the real output and the potential output. It is the gap which…

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…