the aggregate supply (AS) curve 1. In the 1990s, the technology revolution caused the wide-spread use...

the aggregate supply (AS) curve

1. In the 1990s, the technology revolution caused the wide-spread use of information technology in all areas of production, thus improving productivity and lowering costs; illustrate the effect of this by shifting the aggregate supply (AS) curve in the appropriate direction.

2. Suppose that a new labor law increases the minimum required number of paid vacation days for all full-time employees; illustrate the effect of this by shifting the aggregate supply (AS) curve in the appropriate direction.

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Rahul Sunny answered 1 year ago

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