Question: If Long-run Aggregate Supply were to decrease, the effect on the economy would be? Please help me understand this :) f4. If Long-run Aggregate Supply

If Long-run Aggregate Supply were to decrease, the effect on the $economy would be? Please help me understand this :) \f4. If Long-run$

If Long-run Aggregate Supply were to decrease, the effect on the economy would be?

Please help me understand this :)

\f4. If Long-run Aggregate Supply were to decrease, the effect on the economy would be A. An decrease in Price level B. An increase in GDP C. Both A and B D. No effect so long as LRAS is to the right of the equilibrium

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

lu YouTube a Amazon BandLab PipelineMT 7 Google Calendar OUTLOOK Agent Portal 13"I D2L 1 - Fiscal Policy Esther Emeka Emeji: Attempt 1 Question 18 (1 point) During the 2020 campaign, Joe Biden...

1. Of the following statements, which explain why the crowding-out effect indicates government spending increases that are financed by the sale of Treasury bonds to the public will not necessarily...

Please help me with these question, I really need your help! I will give thumbs up and a positive comment. I really need your help! 1)Which among the following is a supply-side fiscal policy for...

Please answer all the questions correctly. 1. Key facts about economic fluctuations The graph included below approximates United States business cycles between quarter one of1947 and quarter three of...

Draw Design Layout References Mailings Review Insert ~ 12 ~ A A Aa~ Ap AaBbCcDC AaBbCcDc AaB Arial Normal No Spac... Headin B I U ~ ab X, X A- D- A nter Font Paragraph JBSCRIPTION To create or edit...

Each question should be well explained 13. Which of the following would represent an injection into the circular flow of income and AS 3 expenditure? PRICE LEVEL (A) Investment spending AS (B) Income...

HI PLEASE ANSWER ALL 78 MULTIPLE CHOICE QUESTIONS THANK YOU 1. Which of the following will lead to a decrease in both equilibrium price and quantity in a market? a)A decrease in demand b)An increase...

24) During a recession, spending on ________ tends to fall more dramatically than spending on ________. A) nondurable goods; durable goods B) food; cars C) necessities; luxuries D) durable goods;...

ECS 4861 Advanced macro economics - 1. Which of the following is (are) an essential feature of new classical economics? [1] Imperfect information. [2] Continuous market clearing. [3] Perfectly...

Risk management is the process of identifying, assessing and controlling financial, legal, strategic and security risks to an organisations capital and earnings. Risk oversight and risk management...

A 20-kg machine has a passive isolation system whose damping ratio is 0.28 and whose un-damped natural frequency is 13.2 rad/s. Assuming that the passive system remains in place, calculate the...

Find the equation of the tangent to y = x 1 0 x at the point ( 1 , 1 0 ) . A ) x ( l n 1 0 ) y = 0 B ) [ 1 0 ( 1 l n 1 0 ) ] x - y - 1 0 l n 1 0 = 0 C ) ( 1 0 l n 1 0 ) x y 1 0 l n 1 0 = 0 D ) ( l n...

Selected information from the payroll register of Ebeling's Dairy for the week ended July 7, 20--, is shown below. The SUTA tax rate is 5.4%, and the FUTA tax rate is 0.6%, both on the first $7,000...

On January 1, 2015, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $600,000 of 8% bonds, due in 20 years, with interest payable semiannually on June 30 and...

What is the history of the idea of universal human rights? And how is this history susceptible to the charge that it is Eurocentric?

Describe the challenge of developing a global ethical perspective in light of religious and national differences.

Pretzelmania, Inc., issues 7%, 15-year bonds with a face amount of $70,000 for $76,860 on January 1, 2015. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid...

Identifying How Machine Learning Can Solve Problems What problem would you like your machine learning model to solve? What output would you like your machine learning model to produce? How will you...

7. How does the framing of a situation affect the situation regarding communica-tion?

1. To generate a discussion on the concept of roles

6. What information processes operate in communication situations?