Some of the factors that can shift the short-run aggregate supply curve can also cause a shift in the long-run aggregate supply curve.
Correct Answer:
Verified
Q11: The aggregate demand (AD)curve is the graphical
Q12: The level of Real GDP that the
Q13: When foreign real national income rises,domestic Real
Q14: If businesses are optimistic about future sales,the
Q15: When wage rates rise the short-run aggregate
Q17: As interest rates drop,households tend to borrow
Q18: An adverse supply shock results in an
Q19: An aggregate demand (AD)curve shows the
A) amount
Q20: The level of Real GDP and the
Q21: The interest rate effect is one of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents