A change in supply that is to the right or downward will cause the equilibrium quantity to increase and the equilibrium price to decrease.
Given that the supply curve is often upward sloping in the case of a shifting demand curve, an upward or rightward change in the demand curve will result in a higher equilibrium price and equilibrium quantity.
Similarly, a shift in the demand curve to the left or downward will typically provide a lower equilibrium price and a smaller equilibrium quantity.
Depending on how the supply curve is shaped, a movement in the demand curve may cause a higher absolute change in the equilibrium price or quantity. The equilibrium quantity will fluctuate primarily if the supply curve is relatively flat or elastic.
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Answer:
An interest rates rise SRAS curve shifts rightward resulting in a(n) decrease in the U.S price level and a(n) increase in real GDP. option C
Explanation:
The short-run aggregate supply curve (SRAS) lets you capture how all of the firms in an economy respond to price stickiness.
Answer:
The correct answer is:
C. Cause as necessary and sufficient condition.
Explanation:
In this case it is possible to say that to develop the activity proposed by Jack one event needs to happen (they need to leave the building), so the second event can take place (Go to the movies). The first event has to happen anyway, after class they will leave, to go home, to find a friend, or to go to the cinema, this would represent the cause as sufficient condition by itself and accompanied of the second event it combines the two causal conditions.
