Earth Questions


QUse an aggregate demand and supply diagram, explain how each of the following scenarios affects the equilibrium price level and aggregate output. consider first the short-run, then the long-run equilibrium for each scenario.

Use an aggregate demand and supply diagram, explain how each of the following scenarios affects the equilibrium price level and aggregate output. consider first the short-run, then the long-run equilibrium for each scenario.


If consumers expect a recession, while resource prices rise at the same time.


Foreign income falls as domestic technology improves.


Foreign price level rises as domestic government cuts taxes.


Higher future income and lower price level are expected.


Resource prices fall and technology imporves.


answers

This question still have no answer summary yet.

This Question: "Use an aggregate demand and supply diagram, explain how each of the following scenarios affects the equilibrium price level and aggregate output. consider first the short-run, then the long-run equilibrium for each scenario." No answers yet.

Be the First! Or read related questions

Anonymous Sign In Sign Up
Add Answer of
Use an aggregate demand and supply diagram, explain how each of the following scenarios affects the equilibrium price level and aggregate output. consider first the short-run, then the long-run equilibrium for each scenario.

Did this answer your question? If not, ask a new question.

Related Answers