What will happen to the position of the SAS curve and/ or LAS curve in the following

Question:

What will happen to the position of the SAS curve and/ or LAS curve in the following circumstances?
a. Available factors of production increase.
b. A civil war occurs.
c. Wages that were fixed become flexible, and aggregate demand increases.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

See More Books

Question Posted: Feb 12, 2016 04:58 AM

See More Questions

If the dollar increases in value relative to foreign currencies so that foreign goods become cheaper in the United States, what will happen to the position of the short-run aggregate supply curve?...
If taxes and government spending rise by equal amounts, what will happen to the position of the IS curve? Explain this with a Keynesian cross diagram.
What will happen to the position of the aggregate demand curve if the money supply is reduced when government spending increases?
A 300-cm-long piece of straight wire is aligned vertically along the z-axis. The wire carries a downward current of 6.00 A. There is a 2.00-T magnetic field in the negative x-direction surrounding...
What recourse does one have if defrauded in an Internet scam?
Define the concepts of class hierarchy, superclasses, and subclasses. Explain the concept of inheritance and the different types of inheritance. Use examples in your explanations.
Find the solution to the fishing problem of Example 5.4 when the interest rate is $$33$% Are the decisions different than when the interest rate is $$25$ %? At what critical value of the discount...
Moe, Larry, and Curly are forming The Stooges Partnership. Moe is transferring $30,000 of personal cash and equipment worth $25,000 to the partnership. Larry owns land worth $18,000 and a small...
You can purchase a new duplex for $2,000,000. The bank has quoted her an 75% LTV. The loan would be amortized for 30 years, the annual interest rate is 5.5%. The annual NOI is $175,000. Determine the...
Jim Harrod knew that service, above all, was important to his customers. Jim and Becky Harrod had opened their first store in Omaha, Nebraska in 1997, Harrod's carried a full line of sporting goods...
Why is the LAS curve vertical?
If an economy is in short-run equilibrium that is below potential, what forces will bring the economy to long-run equilibrium?
Refer to Exercise 7.10 on page 284. Population data: 2, 3, 5, 5, 7, 8. a. Use your answers from Exercise 7.10(b) to determine the mean, x-bar, of the variable x-bar for each of the possible sample...
Explain what is going on in terms of energy when your brakes overheat as you use them continuously coasting down a steep hill on a bike or in a car.
An assembled system consists of cart A of inertia $m_{A}$, cart B of inertia $m_{\mathrm{B}}$, and a spring of negligible inertia, clamped together so that the fully compressed spring is aligned...
A mysterious crate has shown up at your place of work, Firecracker Company, and you are told to measure its inertia. It is too heavy to lift, but it rolls smoothly on casters. Getting an inspiration,...
Two carts are initially moving to the right on a low-friction track, with cart 1 behind cart 2 . Cart 1 has a speed twice that of cart 2 and so moves up and rear-ends cart 2 , which has twice the...
In the past, cars were built to be fairly rigid in collisions. Now "crumple zones" (areas designed to crumple or deform during a collision) are deliberately engineered. Why do such zones make a car...
Let y be the percent increase in annual US national production during a year when the unemployment rate changes by u percent. (For example, u = 2 if unemployment increases from 4% to 6%.) Okuns law...
Figure displays a 12.0 V battery 3 four uncharged capacitors of capacitances C1 = 4.00F, C2 = 6.00F, and C3 = 3.00F. The switch is thrown to the left side until capacitor 1 is fully charged. Then the...
In the 1970s legislators had difficulty getting laws passed requiring people to wear seat belts. Now not only do most people wear seat belts, but many cars have airbags too. Do people value their...
Should the buying and selling of body organs be allowed? Why or why not?
In the early 1990s, the 14- to 17-year-old population fell because of low birthrates in the mid-1970s. Simultaneously the combined decisions of aging baby boomers to have kids resulted in an increase...
Assume that Pope Enterprises held a $10,000, 10 percent, six-month note signed by Mary Drew. On December, 1, 2015, the maturity date, Drew dishonored the note. At this point, Drew owes a total of...
5. Consider the shape shown on the following graph and the brute force method of solving the convex hull problem 2 -2 -1 0 a. Label all the points that will be provided to the algorithm as input. You...
Respond to this students posting. In your response, you may want to comment on the ethical issues that arise in different career fields or give suggestions for dealing with the ethical questions that...

What will happen to the position of the SAS curve and/ or LAS curve in the following

Question:

Step by Step Answer:

a An increase in the availability of inputs will shift the LAS curve to the right b A civi...View the full answer

Macroeconomics

Students also viewed these Economics questions