Business, 09.11.2020 06:10, LilCookies1
WILL GIVE BRAINLIEST
State the determinants of the aggregate demand curve's location, and explain how the curve will shift when one of these determinants changes.
Indicate the determinants of the aggregate supply curve's location and explain how the curve will shift when one of these determinants changes.
Demonstrate and explain the effects of shifts in aggregate supply and aggregate demand on the equilibrium price level and RGDP.
Use an aggregate supply (upsloping range) and aggregate demand diagram to demonstrate the effect of each of the following. For each problem state the determinant and what happens to the price level and RGDP.
1. Consumer confidence grows for third straight month.
2. A technological breakthrough lowers the cost of energy.
3. The government engages in a new highway building program.
4. A series of natural disasters disrupt production and delivery of goods.
5. Laws are tightened to make immigration more difficult and this leads to labor shortages.
6. Interest falls.
7. Productivity rises.
8. Labor strikes cause an interruption in shipments of parts.
9. Increased graduation rates for schools lead to more-skilled workforce.
10. Stock and bonds markets soar.
Answers: 3
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WILL GIVE BRAINLIEST
State the determinants of the aggregate demand curve's location, and explain h...
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