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Author Question: If potential GDP increases, what happens to aggregate supply? Does the LAS curve shift or is there a ... (Read 75 times)

frankwu

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on: Jun 29, 2018
If potential GDP increases, what happens to aggregate supply? Does the LAS curve shift or is there a movement along the LAS curve? Does the SAS curve shift or is there a movement along the SAS curve?
 
  What will be an ideal response?

Question 2

Refer to Figure 7-1. The efficient equilibrium quantity is ________ thousand vaccinations.
 
  A) 100 B) 200 C) 300 D) >300


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briezy

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Reply #1 on: Jun 29, 2018
Answer to Question 1

If potential GDP increases both long-run aggregate supply and short-run aggregate supply increase and the LAS curve and SAS curve shift rightward.

Answer to Question 2

C


frankwu

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

jackie

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Reply 3 on: Yesterday
Wow, this really help

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