Identify the impact of each of the following trends on aggregate supply. the equilibrium price level, equilibrium real output, and potential output. a. If the price of electricity declines then the aggregate supply curve undergoes a This causes the equilibrium price level to (Click to select) v . b. If Canadian workers receive higher wages then the aggregate supply curve undergoes a This causes the equilibrium price level to (Click to select) v . (Click to select) v . (Click to select) v . d. lfthe federal government reduces corporate income tax rates then the aggregate supply curve undergoes a This causes the equilibrium price level to This causes the equilibrium price level to (Click to select) v . (Click to select) v (Click to select) v (Click to select) v (Click to select) v (Clickto select) v . , equilibrium real output to , equilibrium real output to , equilibrium real output to , equilibrium real output to (Click to select) v , and potential output to (Click to select) v . (Click to select) v (Click to select) v (Click to select) v , and potential output to c. If a cheap new source of energy raises labour productivity in the Canadian economy then the aggregate supply curve undergoes a , and potential output to (Click to select) v , and potential output to e. If due to a global environmental crisis there is a reduction in the amount of available land then the aggregate supply curve undergoes a {Click to select) V . This causes the equilibrium price level to (Click to select) v . f. If the price of oil decreases then the aggregate supply curve undergoes a This causes the equilibrium price level to (Click to select) v (Click to select) v , equilibrium real output to (Click to select) v (Click to select) v . , equilibrium real output to (Click to select) v , and potential output to , and potential output to

pur-new-sol

Related Questions