2023年11月21日 · The long-run aggregate supply curve, or LRAS, is vertically graphed with real GDP on the x-axis and price level on the y-axis. In the long-run view of supply, it is not affected by demand and prices.

Question: In the following table, determine how each event affects the position of the long-run aggregate supply (LRAS) curve. Direction of LRAS Curve Shift Many workers leave to pursue more lucrative careers in foreign economies. A scientific breakthrough significantly increases food production per acre of farmland.

(LRAS ) curve. A. the SRAS curve is horizontal and the LRAS curve is upward sloping. B. the SRAS curve is horizontal and the LRAS curve is vertical. C. the SRAS curve is vertical and the LRAS curve is horizontal. D. the SRAS curve is vertical and the LRAS curve is upward sloping. Why is the short-run aggregate supply curve horizontal? A.

A) LRAS shifts left B) LRAS shifts right C) Movement up along the LRAS curve D) Movement down along the LRAS curve 6) What happens to the long-run aggregate supply (LRAS) curve when there is an increase in productivity due to the introduction of computer technology?

The SRAS curve slopes upward because higher prices lead to lower production costs, The LRAS curve slopes upward because it reflects the increasing productivity of the economy over time c . The SRAS curve is upward - sloping because it reflects the positive relationship between interest rates and output.

An increase in the quantity of money causes the aggregate demand to shift rightward, which generates a movement upward along the LRAS curve. c. This reduction in the capital stock, which also will lead to higher energy prices, causes real planned production to decline at any given price level, so the LRAS curve shifts leftward.

Give economic justification for the slope of each of these supply curves. Name the factors that will shift the SRAS curve and the LRAS curve. 3. What are real balance effect, interest rate effect, and the foreign trade effect of a change in the general price level? Explain how these effects give rise to a downward sloping AD curve. 4.

On the following graph, use the green line (triangle symbol) to plot the long-run aggregate supply (LRAS) curve for th/s economy. Economists forecast that if the government takes no action and the economy continues to grow at the current rate, aggregate demand in 2028 will be given by the curve labeled A D A , resulting in the outcome given by ...

2023年11月21日 · The long-run aggregate supply (LRAS) curve of the model is a vertical line. This is due to how, in Keynesian economics, economies are elastic in the long run. This means that as an economy ...

The LRAS curve is upward-sloping, illustrating the positive relationship between real GDP and inflation in the long-run. The LRAS curve is vertical at the natural level of output. The LRAS curve will only shift when there is a change in the quantity or quality of productive