question archive If Robert goes to his local community college and learns to be a welder, there will be an impact on __________
If Robert goes to his local community college and learns to be a welder, there will be an impact on __________
Subject:EconomicsPrice:2.87 Bought8
If Robert goes to his local community college and learns to be a welder, there will be an impact on __________.
the aggregate supply curve, because he will be more productive
the aggregate demand curve, because he will earn and spend more money
neither the aggregate supply nor demand curve because human capital does not shift either curve
both the aggregate supply curve, because he will be more productive, and the aggregate demand curve, because he will earn and spend more money
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Answer is:both the aggregate supply curve, because he will be more productive, and the aggregate demand curve, because he will earn and spend more money
Step-by-step explanation
Aggregate supply is the total amount of goods and services(output) produced in an economy.Aggregate supply curve shows the total output produced at each price level.Aggregate demand,on the other hand,is the total spending on domestic output(goods and services).Aggregate demand curve shows the total quantity demanded at different price levels.If Robert goes to his local community college and learns to be a welder, there will be an impact on both the aggregate supply curve, because he will be more productive, and the aggregate demand curve, because he will earn and spend more money.
