« previous next »

Author Question: What are the factors that can shift the short-run aggregate supply curve but not the long-run ... (Read 82 times)

mynx

  • Hero Member
  • *****
  • Posts: 555
on: Jun 29, 2018
What are the factors that can shift the short-run aggregate supply curve but not the long-run aggregate supply curve? Explain your answer.
 
  What will be an ideal response?

Question 2

If Ringo is risk averse, at a wealth of 200,000 his utility of wealth curve has a ________ slope and his marginal utility of wealth is ________ than at a wealth of 100,000.
 
  A) negative; smaller
  B) negative; larger
  C) positive; smaller
  D) positive; larger


rachel

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

The only factor that shifts the short-run aggregate supply curve but not the long-run aggregate supply curve is a change in the money wage rate or the money prices of other resources. For instance, an increase in the money wage rate shifts the SAS curve leftward, but does not shift the LAS curve.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Children with Down syndrome have a small head, short, thick neck, flattened face, and a distinctive ... Children with Down syndrome have a small head, short, thick neck, flattened face, and a distinctive ...
Overview of factors affecting renin release: (a) activation of the sympathetic nervous system; (b) ... Overview of factors affecting renin release: (a) activation of the sympathetic nervous system; (b) ...
How much the temperature will rise depends on many factors that affect the level of GHG emission How much the temperature will rise depends on many factors that affect the level of GHG emission
Three Pieces of the Long-Term Weight-Loss Puzzle Diet Three Pieces of the Long-Term Weight-Loss Puzzle Diet
A pipe that is 0.46 m long and open at both ends vibrates in the second overtone with a ... A pipe that is 0.46 m long and open at both ends vibrates in the second overtone with a ...
Video: Simple Diffusion - Ion transport

For a complete list of videos, visit our video library