Which of the following shifts short-run, but not long-run aggregate supply right?
aggregate demand right
.
Which of the following would shift the short-run but not the long-run aggregate supply curve?
a.
An increase in the interest rate will reduce the demand for investment goods
and will impact aggregate demand for goods and services and not aggregate supply. This thus shifts the AD curve but not the SRAS curve.
Which of the following shifts the short-run aggregate supply to the right?
In the short-run, examples of events that shift the aggregate supply curve to the right include a
decrease in wages
, an increase in physical capital stock, or advancement of technology. The short-run curve shifts to the right the price level decreases and the GDP increases.
Which of the following shifts the short-run aggregate supply curve to the left quizlet?
If all workers and firms adjust to the fact that the price level is higher than they had expected it to be
, the short-run aggregate supply curve will shift to the left. If oil prices rise unexpectedly, the short-run aggregate supply curve will shift to the left.
Which of the following shifts the aggregate demand curve to the right?
The aggregate demand curve shifts to the right as the components of aggregate demand—
consumption spending, investment spending, government spending, and spending on exports minus imports
—rise.
Which would most likely increase aggregate supply?
A shift in aggregate supply can be attributed to many variables, including changes in the size and quality of labor, technological innovations, an
increase in wages
, an increase in production costs, changes in producer taxes, and subsidies and changes in inflation.
Which of the following shifts the short-run but not the long run aggregate supply right quizlet?
Which of the following shifts short-run, but not long-run aggregate supply right?
aggregate demand right
.
What shifts aggregate supply to the right?
The aggregate supply curve shifts to the right as
productivity increases or the price of key inputs
falls, making a combination of lower inflation, higher output, and lower unemployment possible. … When an economy experiences stagnant growth and high inflation at the same time it is referred to as stagflation.
What does aggregate supply and demand mean?
Aggregate supply and aggregate demand are
the total supply and total demand in an economy at a particular period of time and a particular price threshold
. … Aggregate supply and aggregate demand convey how much firms are willing to produce and how much consumers are willing to demand at a specific price point.
How does inflation affect short-run aggregate supply?
The short-run aggregate supply curve (SRAS) lets us
capture how all of the firms in an economy respond to price stickiness
. When prices are sticky, the SRAS curve will slope upward. … Because higher inflation leads to more output, higher inflation is also associated with lower unemployment in the short run.
What are the factors that shift the long-run aggregate supply curve?
In the long-run, the aggregate supply is affected only by
capital, labor, and technology
. Examples of events that would increase aggregate supply include an increase in population, increased physical capital stock, and technological progress.
Which of the following will result in a shift in the short-run aggregate supply curve to the right quizlet?
Which of the following will shift the short-run aggregate supply curve to the right? An economy-wide decrease in commodity prices. The short-run aggregate supply curve may shift to the right if:
productivity increases
.
Which of the following shifts the long-run aggregate supply curve to the left?
Which of the following shifts the long-run aggregate supply curve to the left?
an increase in the price of imported natural resources and an increase in trade restrictions
.
What are the factors which cause change in aggregate demand?
Since modern economists calculate aggregate demand using a specific formula, shifts result from changes in the value of the formula’s input variables:
consumer spending, investment spending, government spending, exports, and imports
.
What is aggregate supply curve?
The aggregate supply curve
Aggregate supply, or AS, refers to
the total quantity of output
—in other words, real GDP—firms will produce and sell. The aggregate supply curve shows the total quantity of output—real GDP—that firms will produce and sell at each price level.
Which line represents the long run aggregate supply curve?
The long-run aggregate supply curve is
a vertical line
.
