Technological change shifts long-run aggregate-supply curve

Assignment Help Business Economics
Reference no: EM13837297

If technological change shifts the long-run aggregate-supply curve to the right, it will also do which of the following?

a. It will shift the short-run Phillips curve and the long-run Phillips curve to the right.

b. It will shift the short-run Phillips curve and the long-run Phillips curve to the left.

c. It will shift the short-run aggregate-supply curve to the right and the long-run Phillips curve to the left.

d. It will shift the short-run aggregate-supply curve to the right and leave the long-run Phillips curve unaffected.

Reference no: EM13837297

Questions Cloud

Short-run phillips curve and unemployment change : If inflation expectations rise, how do the short-run Phillips curve and unemployment change?
What will be the premium for this account : The provisional manual premium paid at the beginning of the year was $64,867. What will be the premium for this account at the end of the audit
The unemployment rate above the natural rate : According to Friedman and Phelps, when is the unemployment rate above the natural rate?
Discuss the basic tenets of family systems : discuss the basic tenets of Family Systems
Technological change shifts long-run aggregate-supply curve : If technological change shifts the long-run aggregate-supply curve to the right, it will also do which of the following?
How does short-run phillips curve reflect financial crisis : How does the short-run Phillips curve reflect a financial crisis as the one in 2008-2009?
What will happen to inflation and unemployment : In the long run, if the Bank of Canada decreases the rate at which it increases the money supply, what will happen to inflation and unemployment?
Affect the costs and benefits of inflation reduction : Suppose a country has had a high and relatively stable inflation rate for a long time. How might this affect the costs and benefits of inflation reduction?
What will happen to unemployment in the long run : Suppose that the Bank of Canada unexpectedly decreases the money supply. What will happen to unemployment in the short run? What will happen to unemployment in the long run?

Reviews

Write a Review

Business Economics Questions & Answers

  What quantity of pizzas demanded soared

Quantity of pizzas demanded soared following week from 1 pie an hour to 100 pies an hour. What was price elasticity of demand for Domino's pizza.

  Explain why do some us users of scrap iron

The united states exports a substantial amount of scrap iron and steel to Japan and other countries. Explain Why do some US users of scrap iron and steel support a prohibtion on these exports

  Elucidate what these data suggest about ms thompson

Assume that Ms. Thompson is currently exhausting her money income by purchasing 10 unites of A and 8 unites of B at price $2 and $4 respectively. Elucidate what these data suggest about Ms. Thompson.

  Offer tickets to a movie at zero marginal cost

Suppose the demand for a movie ticket can be written as: If the cinema can offer tickets to a movie at zero marginal cost and can verify the purchaser’s age, what prices will be charged?

  The value of the asset

Assume you have an asset which will pay 5,000 dollars at the end of each year forever. Then, if the interest rate is 5% per year, the value of the asset is

  The long run is defined

The long run is defined as:

  Illustrate what type of industry benefits the most

Illustrate what type of industry benefits the most from technological innovation? Select an article from either either a peer reviewed or current popular periodical on an industry of your choice and discuss this question from the perspective of th..

  A micro economist might study

A micro economist might study which of the following?

  What happens to velocity if the average price level falls

the average price level is $4 per unit also the quantity of money. Illustrate what happens to velocity if the average price level falls to $2 per unit, the money delivery is $2000 also real GDP is 4,000 units.

  Calculate the coefficient of variation and select the best

Risk and Return, Coefficient of Variation  Based on the following information, calculate the coefficient of variation and select the best investment based on the risk/reward relationship.

  What is the best option and how much difference will it make

A company will borrow $50,000 for new equipment and will repay the loan in 5 years. What is the best option and how much difference will it make in the final payoff amount?

  What effect does the current supply

In a few sentences, what effect does the current supply and current demand have on this product.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd