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Author Question: To an economist, a decrease in supply means a: a. rightward shift of the supply curve. b. movement ... (Read 117 times)

madam-professor

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on: Jun 30, 2018
To an economist, a decrease in supply means a:
 a. rightward shift of the supply curve.
 b. movement up along a supply curve.
 c. leftward shift of the supply curve.
 d. movement down along the supply curve.

Question 2

Greater and more extensive government regulations of safety standards and environmental controls will have what effect on short-run and long-run aggregate supply?


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mochi09

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

Increased government regulation, limits, or taxes caused the costs of production to increase. This will result in both the short-run and the long-run aggregate supply curves shifting to the left if these efforts are considered to be permanent.


madam-professor

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

kswal303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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