short-run aggregate supply curve

Changes in what four variables will shift the long run aggregate supply curve?

The following graph represents the short-run aggregate supply curve (SRAS) based on an expected price level of 120. The economy's full- employment output level is $9 trillion. Major unions across the country have recently negotiated three-year wage contracts with employers. The wage contracts are based on an expected price level of 120, but the actual price level turns out to be 160. Show the short-run effect of the unexpectedly high price level by dragging the curve or moving the point to the appropriate position. PRICE LEVEL (CPI) 240 200 160 40 0 0 3 SRAS[120] 6 9 12 REAL GDP (Trillions of dollars) 15 18 SRAS[120] 0 (?) Interpret the change you drew on the previous graph by filling in the blanks in the following paragraph:

Which only affects short run aggregate supply? Choose all that apply. Group of answer choices Inflationary expectations Input prices Saving Technology Number of resources

Which of the following would cause a shift in the short run aggregate supply curve? A decrease in interest rates. An increase in price aof key resources like oil. An adjustment in wages or prices by firms An increase in the value of the dollar. A decrease in the price level of the economy. A decrease in the price of key resources like oil. An increase in fechnological innovation.

Using the AD-AS model, if consumers and business become more optimistic about the future direction of the economy and increase spending, then: a-long-run aggregate supply will decrease. b-aggregate demand will decrease. c-aggregate demand will increase. d-long-run aggregate supply will increase.

How does the increase in U.S energy production and the subsequent reduction in the reliance on imported oil affect the U.S Aggregate demand and/or short run aggregate supply curve(s) ? Examine the potential impact on real GDP and the average price level in the U.S.

Please Define Aggregate supply in no more than 3 lines

The short-run aggregate supply curve will shift up if:    wages decrease. productivity increases.    productivity is increasing faster than wages. wages are increasing faster than productivity.

The long-run aggregate supply curve shifts right if Answer immigration from abroad increases. the capital stock increases. technology advances. All of the above are correct.