Assuming the U. S. economy’s initial aggregate supply curve is LRAS1, label the other two curves with the event most likely to cause a shift to each curve. A new law prohibits employers from hiring anyone under the age of 21.An unusually severe frost season destroys crops across the United States. Oil prospectors discover a previously unknown reserve of oil in California. The United States experiences inflation.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answer; interviews;

hi there, i would say your answer is:

b. there is a fixed quantity of resources and technology available.

hope that : )