This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If potential GDP increases, what happens to aggregate supply? Does the LAS curve shift or is there a ... (Read 88 times)

frankwu

  • Hero Member
  • *****
  • Posts: 549
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

briezy

  • Sr. Member
  • ****
  • Posts: 347
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

  • Member
  • Posts: 549
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
Ion Movements During the Action Potential Ion Movements During the Action Potential
Calcium channels and muscle contraction: (a) Calcium channels open as the action potential travels ... Calcium channels and muscle contraction: (a) Calcium channels open as the action potential travels ...
Titration curve for aspartic acid Titration curve for aspartic acid
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
PV cells have potential for domestic and commercial use PV cells have potential for domestic and commercial use
Video: Causes of Acne

For a complete list of videos, visit our video library