Chapter 10, Problem 2CQ

(a)

To determine

Identify an increase in real wage rate impact on short-run aggregate supply.

(b)

To determine

Identify the impact on the short-run aggregate supply due to a natural disaster that destroyed half of the orange trees.

(c)

To determine

Identify the impact on the short-run aggregate supply due to an increase in the expected rate of inflation in the future.

(d)

To determine

Identify the impact on the aggregate demand as an increase in the world price of oil, a major import.

(e)

To determine

Identify the impact on the short-run aggregate supply as huge rainfall during the growing season in an agricultural state.