What assumptions cause the immediate-short-run aggregate supply curve to be horizontal? Why is the long-run aggregate supply curve vertical? Explain the shape of the short-run aggregate supply curve. Why is the short-run aggregate supply curve relatively flat to the left of the full-employment output and relatively steep to the right?

Q: Suppose that aggregate supply curve is shifting to the right by 2.5 percent a year. If aggregate…

A: The whole offer of products and services created within an economy at a precise overall worth in a…

Q: The following table lists several determinants of short-run aggregate supply. 4 Fill in the table by…

A: The curve that depicts various quantities of goods and services being supplied at various price…

Q: Post your findings on the differences between short-run and long-run aggregate demand and between…

A: Short and long run aggregate demand are downward sloping. Short run aggregate supply is downward…

Q: If Germany were to pass legislation that would make it easier for people to emigrate to Germany,…

A: The immigration policy would help more people to move into Germany. Hence, there would be an…

Q: Which of the following would cause the aggregate price level to fall and the equilibrium level of…

A: Both aggregate demand and supply will cause the change in price level and real GDP in the short run.…

Q: The following graph shows the short-run aggregate supply curve (AS), the aggregate demand curve…

A: If the bout of severe weather increases the agriculture cost, cost of transporting and cost of…

Q: The graph shows a short-run aggregate supply curve. Please move the endpoints to turn the curve into…

A: ANS In the long run (LR) the amount of output (o/p) produced by an economy is at its potential…

Q: Starting from long run equilibrium,  use the basic aggregate demand and aggregate supply diagram to…

A: Aggregate demand shows the total expenditure done in the economy. Aggregate supply curve shows the…

Q: The long-run aggregate supply curve shows that by itself a permanent change in aggregate demand…

A: The long-run aggregate supply curve shows that by itself a permanent change in aggregate demand…

Q: What effects would each of the following have on aggregate demand or aggregate supply, other things…

A: Aggregate supply would increase,equilibrium price level and real output would increase.

Q: This will result in which of the following? to A shift the long-run aggregate supply curve to the…

A: The LRAS is a curve that shows the relationship b/w price(P) level and real GDP. This curve runs on…

Q: Indicate whether each of the following events will increase, decrease, or have no effect on long-run…

A: When workers leave from U.S., the labor force will decrease and thereby increase the unemployment.…

Q: Determine whether each of the following would cause a shift of the aggregate demand curve, a shift…

A: The aggregate demand curve is the horizontal summation of the individual demand curves of all the…

Q: Please explain why the long-run aggregate supply curve is vertical. What variable causes the…

A: Long run Aggregate supply curve important in finding the long run equilibrium of an economy.

Q: In 1998, the economy of Aptonville had an aggregate demand and aggregate supply according to the…

A: In an economy, the equilibrium level of general price if the one at which aggregate supply equates…

Q: Why the slope of the aggregate supply curve differs in the short-run and in the long-run? Why the…

A: In economics, supply is the quantity of goods that is being produced and supplied by the producer to…

Q: The following table lists several determinants of short-run aggregate supply. Fill in the table by…

A: Aggregate supply is used along with the aggregate demand curve to depict the macroeconomic…

Q: What might shift the aggregate-supply curve to the left? And explain why long run aggregate supply…

A: The AD or AS model is a macroeconomic model that describes how total supply and total demand…

Q: Explain in detail why the aggregate short-run aggregate supply curve is upward sloping?

A: According to classical macroeconomic theory, the aggregate supply curve is perfectly vertical in the…

Q: The long-run aggregate supply curve is... A) Upward sloping at the potential GDP level B) Vertical…

A: Aggregate supply curve shows combinations of price and quantity of output supplied in the economy.

Q: The following graph shows the short-run aggregate supply curve (AS), the aggregate demand curve…

A: AD/AS model: The AD-AS framework demonstrates national income generation and price level…

Q: Which of the following shifts the short-run, but not the long-run, aggregate supply right? a…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: Which of the following are assumed to remain unchanged along a given short-run aggregate supply…

A: The aggregate supply curve depicts the quantity of real GDP that is supplied by the economy at…

Q: Which of the following help to explain why the aggregate demand curve slopes downward? a. When the…

A: Hi, In case of multiple questions in a post, we are required to do the first one. Kindly repost…

Q: Discuss  scenarios by giving practical examples. What might shift the aggregate-supply curve to the…

A: The aggregate demand curve represents the inverse relationship between price level and real GDP…

Q: Why the slope of the aggregate supply curve differs in the short-run and in the long-run? Why the…

A: Aggregate supply is the relationship between the price level and output of the economy. In the short…

Q: f the economy begins at a short-run equilibrium below potential output, then there would be a-…

A: In short run equilibrium at a given price, the total amount the firms wish to supply is equal to the…

Q: Explain why the long-run aggregate-supply curve is vertical. Explain three theories for why the…

A: Aggregate supply :The aggregate supply refers to the total goods and services produced in an economy…

Q: There are three distinct reasons why the aggregate demand curve slopes downward.  List and discuss…

A: The aggregate demand is the total demand for goods and services in an economy. It is downward…

Q: In the following table, determine how each event affects the position of the long-run aggregate…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: hifts in the Aggregate Supply Curves List and discuss the things that will make the Short Run…

A: Supply shocks are occasions that shift the aggregate supply curve. We characterized the AS bend as…

Q: In the following table, determine how each event affects the position of the long-run aggregate…

A: Long run Aggregate supply curve is vertical showing that in the long run, output remains at full…

Q: Explain whether each of the following events will increase, decrease, or have no effect on longrun…

A: The curve that depicts the quantities that are being supplied by producers at different levels of…

Q: Define aggregate supply? Build your argument by drawing Short-run aggregate supply curve. And what…

A: Aggregate Supply: It is the sum total of supply of goods and services that are planned to be sold…

Q: What assumptions cause the immediate-short-run aggregate supply curve to be horizontal? Why is the…

A: The aggregate supply refers to the total amount of all the goods, and services supplied by all the…

Q: In the following table, determine how each event affects the position of the long-run aggregate…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: What factors shift the short-run aggregate supply curve?Do any of these factors shift the long-run…

A: Aggregate supply refers to the total supply of services and goods that is planned to be supplied in…

Q: Why the slope of the aggregate supply curve differs in the short-run and in the long-run? Why the…

A: The supply curve is a visual illustration of the association between the expense of a product or…

Q: Assume that the long-run aggregate supply curve is vertical at Y = 3.000 while the short-run…

A: Given values: Y = 3000 P = 1.0 Aggregate demand curve, Y = 2M/PM = 1500