An improvement in technology would cause the long-run aggregate-supply curve to shift
a) left.
b) downward.
c) right.
d) not at all but instead to remain constant.
Ans: c) right.
Economics
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A fall in the price of bonds may lead to a(n):
A) decrease in aggregate demand and the price level due to a decrease in net exports. B) decrease in aggregate demand and an increase in the price level due to a decrease in investment. C) increase in aggregate demand due to an increase in net exports. D) increase in aggregate demand due to an increase in investment.
Economics
Discuss how economists measure the following: (i) aggregate expenditure, (ii) aggregate income, and (iii) aggregate output
What will be an ideal response?
Economics