Question
In: Economics
The long-run aggregate supply curve shifts right at the same time as A.wages increase. B.the production...
The long-run aggregate supply curve shifts right at the same time as
A.wages increase.
B.the production possibilities curve shifts inward.
C.the inflation rate increases.
D.the production possibilities curve shifts outward.
Solutions
Expert Solution
The answer is: D) the production possibilities curve shifts outward.
When the curve shifts outward, or to the right, that means output is increasing. When the curve shifts inward, or to the left, that means output is decreasing.
Rahul Sunny answered 2 years agoRelated Solutions
10. The long-run aggregate supply curve shifts right if
10. The long-run aggregate supply curve shifts right if a. Immigration from abroad increases b. The capital stock increases c. Technology advances d. All of the above are correct 11. Which of the following would cause prices to decrease and real GDP to increase in the short run? a. Short-run aggregate supply shifts right. b. Short-run aggregate supply shifts left. c. Aggregate demand shifts right. d. Aggregate demand shifts left. 12. Which of the following is not a reason the New York Federal Reserve Bank president always gets to vote at...
Which of the following shifts the short-run, but not the long-run, aggregate supply right?
56. Which of the following shifts the short-run, but not the long-run, aggregate supply right? A. a decrease in the price level B. a decrease in the expected price level C. a decrease in the capital stock D. a decrease in the savings rate 57. Which of the following would cause prices and real GDP to rise in the short run? A. Short-run aggregate supply shifts right. B. Short-run aggregate supply shifts left. C. Aggregate demand shifts right. D. Aggregate demand shifts left.
If the aggregate supply curve shifts to the right, the ________curve shifts to the _______....
If the aggregate supply curve shifts to the right, the ________
curve shifts to the _______.Multiple Choice:aggregate demandleft Phillipsleft aggregate demand rightPhillips; right
In the short run, an increase in government purchases, a. shifts the aggregate supply curve to...
In the short run, an increase in government purchases,
a. shifts the aggregate supply curve to the right
b. increases real GDP
c. shifts the aggregate demand curve to the left
d. decreases the price level
What shifts the short run aggregate supply curve? What is the shape of the long run...
What shifts the short run aggregate supply curve?
What is the shape of the long run aggregate supply curve and why
is it that way?
What does potential output mean and what is happening when the
economy is at potential output?
An increase in money supply shifts the LM curve to the right, but an increase in...
An increase in money supply shifts the LM curve to the right,
but an increase in money demand shifts the LM curve to the left.
Giving reasons, explain why there is a difference. (150 words
maximum)
1) In the long run, the short-run aggregate supply curve shifts to eliminate any existing output...
1) In the long run, the short-run aggregate supply curve shifts
to eliminate any existing output gaps. Depict the parallel shift of
the short-run aggregate supply curve that occurs in the long
run.
2) Following a reduction in consumer spending, in the long run,
what is the value of real GDP in this economy?
1) For a fixed aggregate demand curve, an increase in long run aggregate supply will decrease...
1) For a fixed aggregate demand curve, an increase in long run
aggregate supply will decrease prices.
True
False
2)
An attempt to reduce current budget deficits could shift the
aggregate demand curve left and cause a recession.
True
False
3)
Contractionary fiscal policy is politically popular.
False
True
4)
If aggregate demand increases for a given AS curve, prices will
decrease
False
True
5)
Republicans love using fiscal policy to stabilize the
economy.
False
True
Describe whether the following changes cause the long-run aggregate supply curve to increase (shift right), decrease...
Describe whether the following changes cause the long-run
aggregate supply curve to increase (shift right), decrease (shift
left), or neither. (a) The price level increases. (b) The stock of
capital in the economy increases. (c) Natural resources increase.
(d) The price level decreases. (e) Firms and workers expect the
price level to rise. (f) The number of workers in the labor force
increases.
if the short run aggregate supply curve intersects the aggregate demand curve to the right of...
if
the short run aggregate supply curve intersects the aggregate
demand curve to the right of potential GDP wages will rise?
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