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Question: 1. Are "real shocks" negative shocks, by definition?
2. When negative real shocks hit, what typically happens to the long-run aggregate supply curve: Does it shift left, shift right, or stay in the same place?
3. When negative real shocks hit, what typically happens to the aggregate demand curve? Does it shift left, shift right, or stay in the same place?
Make sure you give complete definitions and explanations for this set of questions. When dealing with thedecrease in income, you will want to talk about the effects on thebudget constraint and the consumption bundle of the consumer.
If the real wage rate is at the full-employment equilibrium level, real GDP is. equal to potential GDP, which is efficient but is not the most.
In this LearnScape, you will apply the concepts learned throughout the training. It's time for a marketing audit! The Health Care System wants to see how responsive they are to market needs and preferences, and if their marketing strategies are showi..
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Global Investment Group operates in a perfectly competitive industry with the following Cost and Revenue data: What is the loss minimizing output level for the firm?
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an upward shift of the depreciation line, an upward shift of the investment function, an upward shift of the per-worker production function.
you can either take a bus or drive your car to work. a bus pass costs 5 per week whereas driving your car to work costs
Starting from short-run equilibrium, the following occurs: the money supply increases and labor productivity increases. What is the effect on the price level and Real GDP in the short run?
1 an example of a negative externality is thea. decrease in your real income that results when photographic equipment
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