Answered You can hire a professional tutor to get the answer.

QUESTION

I have listed the 3 factors that can change the economy's potential output. Please illustrate on a diagram(changes in aggregate supply). Increase in...

Increase in technologyThe aggregate supply curve may shift labor market disequilibrium or labor market equilibrium. Iflabor or another input suddenly becomes cheaper, there would be a supply shock such thatsupply...
Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question