ECON 1012 Lecture Notes - United States Dollar, Potential Output
Document Summary
Homework 9 (04/23/2019: what happens to the ad curve in each of the following scenarios, the u. s. exchange rate increases (appreciation of the u. s. dollar). In the long run, as lras becomes more inelastic, any changes in price will have little to no effect on as: a large untapped oil field has been discovered in the gulf of mexico near galveston island in. In the short run, a sudden increase in oil resources will shift the sras out , pushing the price down because producers can now reduce their input costs.