Suppose the economy is initially in long-run equilibrium. The Fed decides to increase the required reserve ratio. In the short-run, this contractionary monetary policy will cause: OA. A shift from SRAS, to SRAS, and a movement to point A, with a higher price level and the same output. OB. A shift from AD₂ to AD, and a movement to point D, with a lower price level and lower output. OC. A shift from AD, to AD₂ and a movement to point B, with a higher price level and higher output. OD. A shift from SRAS₂ to SRAS, and a movement to point B, with a lower price level and higher output. CIE 22- 20- 18- 16- 14- 12- 10- 08- 06- 04- 02- 00- 98- 96- 94- 92- 90- Price Level 0 LRAS G B 4 6 10 12 8 Real GDP (trillions of 2000 dollars) SRAS2 SRAS₁ AD2 AD1 14 16

which technology change affect consumer taste

You are HR director for a growing architecture firm in Fort Lauderdale, Florida, which currently has need of drafting 20 blueprints every hour. Each of your company’s architects can create on average four blueprints per hour. You are considering hiring four drafters to shoulder the load; each drafter is slower than the architects and can create on average only two blueprints per hour. You scan the current wages in the Ft. Lauderdale area (https://www.bls.gov/oes/current/oessrcma.htm) and notice that the architects in your company earn the local occupational median wage of $30.14 per hour, but that the prospective four drafters will likely each want to get paid their local occupational median wage of $23.52 per hour. a.   Would your company save money in the creation of the 20 blueprints by hiring the four new drafters and firing some architects? b.   The Bureau of Labor Statistics projects that employment of drafters over the next decade will drop by 1.2%, compared to an increase of…

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