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3 years ago

For each of the following scenarios, determine the effect on aggregate supply.

Business

1 answer:

anastassius [24]3 years ago

4 0

Answer:

(a) Option (c) is correct.

(b) Option (b) is correct.

Explanation:

(a) If there is an unexpected decrease in the oil prices (Positive supply shock) then as a result this will reduce the cost of production of the firms and hence, there is an increase in the supply of the goods. This will shift the aggregate supply curve rightwards.

(b) If all the producers are required to contribute more towards the heath insurance coverage (negative supply shock) then as a result this will increase the cost of production of the producers. So, this will lead to decrease the supply of the goods and also, shift the supply curve leftwards.

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This is a true statement

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A. thicken the sauce.

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4 years ago

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"Paco is considering the purchase of a used car. Paco currently has excess monthly cash flow of $490 available for vehicle payme

kobusy [5.1K]

Answer:

Paco will have 335 dollars available for the car-loan

Explanation:

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3 years ago

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Characteristics of money are:

Store of value
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2 years ago

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Karolina [17]

Answer:

d) making HR planning more critical and complex.

Explanation:

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4 years ago