Question

explain how each of the following events would affect the long-run aggregate supply curveLOADING.... a. The price level increases. Because this is a change in ▼ the price level the productive capacity of the economy ​, the LRAS curve will ▼ shift to the left not change shift to the right . b. The labor force increases. Because this is a change in ▼ the productive capacity of the economy the price level ​, the LRAS will ▼ not change shift to the left shift to the right . c. There is an increase in the quantity of capital goods. Because this is a change in ▼ the productive capacity of the economy the price level ​, the LRAS will ▼ not change shift to the right shift to the left . d. Technological change occurs. Because this is a change in ▼ the productive capacity of the economy the price level ​,

Answer 1

Answer:

1. Change in price level / no change

2. Change in productivity capacity / shift to the right

3. Change in productivity capacity / shift to the right

4. Change in productivity capacity / shift to the right