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10 May 2019

A permanent increase in productivity in the economy causes

a. the short-run aggregate supply curve to shift to the north-west

b. the aggregate demand curve to shift to the south-west

c. the aggregate demand curve to shift to the north-east

d. the short-run aggregate supply curve to shift to the south-east

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Related questions

If aggregate demand shifts right then in the short run:

a. firms will increase production. In the long run, increased price expectations shift the short-run aggregate supply curve to the left.

b. firms will increase production. In the long run, increased price expectations shift the short-run aggregate supply curve to the right.

c. firms will decrease production. In the long run, increased price expectations shift the short-run aggregate supply curve to the left.

d. firms will decrease production. In the long run, increased price expectations shift the short-run aggregate supply curve to the right.

Other things equal, a decrease in the price level will:

a. shift the aggregate supply curve to the left.

b. shift the aggregate demand curve to the left.

c. cause a movement up a short-run aggregate supply curve.

d. cause a movement down an aggregate supply curve.

A decrease in labor productivity will shift the:

A.aggregate demand curve to the right

B.aggregate demand curve to the left

C.long-run aggregate supply curve to the right

D.short-run aggregate supply curve to the right

E.short-run aggregate supply curve to the left

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