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- Which of the following factors affect the Long-Run Aggregate Supply curve? Choose all that apply. Group of answer choices Labor Total Factor Productivity Human Capital Government Expenditures Consumption Investment Technology Physical Capital Net ExportsWhich of the following factors affect the Long-Run Aggregate Supply curve? Choose all that apply. Total Factor Productivity Human Capital Consumption Physical Capital Labor Government Expenditures Investment Technology Net Exportsowing graph plots aggregate demand (ADar) and aggregate supply (AS) for the imaginary country of Patagonia in the year 2027. the natural level of output in this economy is $6 trillion. following graph, use the green line (triangle symbol) to plot the long-run aggregate supply (LRAS) curve for this economy. plete the table by entering the inflation rate at each potential outcome point. Calculate the inflation rate to two decimal points of precision. Unemployment Rate 3% 5% Inflation Rate LRAS AS AD ADE 12 14 16 OUTPUT (Trillions of dollars) 43 +1 Outcome C ists forecast that if the government takes no action and the economy continues to grow at the current rate, aggregate demand in 2028 will the curve labeled ADA, resulting in the outcome given by point A. If, however, the government pursues an expansionary policy, aggregate in 2028 will be given by the curve labeled ADg, resulting in the outcome given by point B. >wing table presents projections for the unemployment rates that would…
- The long-run aggregate supply curve shows that by itself a permanent change in aggregate demand would lead to a long-run change in the price level and output. in the price level, but not output. in output, but not the price level. in neither the price level nor output.Draw Aggregate Demand, Short Run Aggregate Supply, and Long Run Aggregate Supply as if an economy is in both short run and long run equilibrium.Along the long-run aggregate supply curve, the price level with decreases in aggregate demand. A) does not change B) increases C) decreases D) may increase, decrease, or remain unchanged
- Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, a shift in neither curve, or a shift in both curves. If a shift is caused, indicate which curve shifts, and in which direction it shifts. What happens to aggregate output and the price level in each case? label each section of your response with the appropriate number (1, 2, 3, 4). The price level changes. Consumer confidence increases. The supply of resources decreases. The wage rate decreases.Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, a shift in neither curve, or a shift in both curves. If a shift is caused, indicate which curve shifts, and in which direction it shifts. What happens to aggregate output and the price level in each case? The price level changes. Consumer confidence increases. The supply of resources decreases. The wage rate decreases. There is no minimum word requirement for responses. Please label each section of your response with the appropriate number (1, 2, 3, 4). Compare the classical economic theory that was used prior to the Great Depression to the Keynesian theory used after the Great Depression.Your response must be at least 200 words in length.Which of these are consequences of an increase in long-run aggregate supply? an increase in full-employment output an increase in the price level a decrease in the long-run rate of unemployment an increase in short-run aggregate supply
