All other things being equal, an decrease in the oil price will cause: a. the AD to shift up to the right. b. the AS curve to shift down to the right. C. a down movement along the AS curve. d. the AD curve to shift down to the left.
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- Name some factors that could cause AD to shift, and say whether they would shift AD to the tight or to the left.Which of the following statements will not parallel shift the aggregate supply curve? A. A reduction in business taxes. B. A reduction in the price of imported oil. C. An increase in labor productivity. D. A reduction in the general level of prices Please do fast ASAP fastIdentify and explain what will happen to the price level and Real GDP (in the short run) as a result of the following SRAS rises AD falls AD falls by less than SRAS falls.
- Name some factors that could cause AD to shift, and say weather they would shift AD to the right or to the left.Use an aggregate supply (upsloping range) and aggregate demand diagram to demonstrate the effect of each of the following. For each problem state the determinant and what happens to the price level and RGDP. 7. Productivity rises.What effect would an increase in aggregate demand have on price level and GDP?
- 4. The price rose. How would it shift the AD curve: Leftward, Rightward or No shift?Which factor will cause the aggregate demand curve to shift to the right? 1. reduction in the aggregate price level 2. decrease in foreign income 3. increase in interest rates 4. reduction in personal income taxesAssume the aggregate demand and aggregate supply curve intersect at a price level of 100. Explain the effect of a shift in the price level to 120 and to 50
- Which of the following would NOT cause a shift in AD? Select one: a. A reduction in interest rates b. A fall in the cost of production c. A reduction in income tax d. An increase in government spendingUse an aggregate supply (upsloping range) and aggregate demand diagram to demonstrate the effect of each of the following. For each problem state the determinant and what happens to the price level and RGDP. 8. Labor strikes cause an interruption in shipments of parts. 9. Increased graduation rates for schools lead to more-skilled workforce. 10. Stock and bonds markets soar.Which of the following causes the aggregate supply curve to shift inward? a. Increase in quantity of labor b. Increase in quantity of capital c. Decrease in GDP d. Decrease in price level