apple2049 apple2049

25-03-2020
Business

contestada

Explain how each of the following events would affect the short-run aggregate supply curve. An increase in the price level An increase in what the price level is expected to be in the future A price level that is currently higher than expected An unexpected increase in the price of an important raw material An increase in the labor force participation rate

Respuesta :

zunesyed zunesyed

30-03-2020

Answer:

Following are the affects of the above events on the SRAS curve

Explanation:

Increase in the price level will have no effect on the short-run supply curve, price level will only affect the long-run supply curve. Likewise, short-run supply curve will shift inwards due to the expected future price expectation. A price level that is currently higher than expected will also shift the short-run supply curve inwards. Increase in the price of an important raw material will shift the supply curve inwards because there is a shift in one of the important raw material. An increase in the labor force participation will increase and shift the short-run supply curve rightwards.

Answer Link

Otras preguntas

Company A pays $24,000 yearly with raises of $1600 per year. Company B pays $28,000 yearly with raises of $1,000 per year. Which company will pay more in year 1

Evaluate the truthfulness of this statement: The poet and the speaker are one and the same. A)Absolutely true—a poet's work is personal, so the poet is the s

Assume that a new breed of short-tailed cats is brought into domestication. Breeders discover that when two of these short-tailed cats are crossed, three tail

Your grandfather often reminds you that "prevention is the best medicine." If that is his attitude toward health, which of the following would you expect him to

Like an architect developing blueprints for a new building, a(n ____________________ develops detailed plans for the new or modified system.

___________ is a popular system for assigning numeric values to represent the letters and other characters people use to interact with computers? A. Boolean B.

Is the sentence "Emma loves to spend time with her close friends and family." A present participle, past participle, infinitive, or a gerund?

The area of a rectangle is 5x^3+19+6x-18 with length x + 3. Using synthetic division, what is the width of the rectangle?

This question is based on Listening Comprehension CD 4L, Side A/Track 1, the first selection. Whom does the princess know well? A. el rey de Francia B. la rein

Name the late-nineteenth-century aviator who made some 2,000 glider flights and inspired other aviators around the world.