Question: 20. Explain for each event whether it changes the quantity of real GDP supplied, short-run aggregate supply, long-run aggregate supply, or a combination of them.

20. Explain for each event whether it changes the quantity of real GDP supplied, short-run aggregate supply, long-run aggregate supply, or a combination of them. ■ Automotive firms in the United States switch to a new technology that raises productivity. ■ Toyota and Honda build additional plants in the United States. ■ The prices of auto parts imported from China rise. ■ Autoworkers agree to a cut in the nominal wage rate. ■ The U.S. price level rises.

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