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ivanzaharov [21]
3 years ago
10

A leftward shift of the short run aggregate supply curve will illustrate

Social Studies
1 answer:
SVETLANKA909090 [29]3 years ago
5 0

Answer:

The immediate-short-run aggregate supply curve is constructed assuming both input and output prices are fixed. A leftward shift of the short-run aggregate supply curve would illustrate: Cost-push inflation is caused by an increase in production costs, such as that caused by an increase in energy prices.

Explanation:

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True.

Explanation:

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According to world systems theory, peripheral nations become economically dependent on core nations, which keeps them at a low level of modernization.

Basically, the world systems theory divide the world into three (3) main categories and these includes;

I. Peripheral nations: these includes countries that provide cheap labor and other resources for the core nations. Some examples of peripheral nations are Haiti, Nigeria, Kenya, Sudan, Philippines, Chad, Niger etc.

II. Core nations: these are technologically advanced and well-developed countries that benefit from peripheral nations. Some examples of core nations are Germany, China, Japan, United States of America, England, France etc.

III. Semi-peripheral nations: these includes countries that are in between core and peripheral nations such as developing countries.

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