Question

The nonprice determinants of aggregate supply include: a Resource Prices b Technology c Expectations d All...

The nonprice determinants of aggregate supply include:

a Resource Prices
b Technology
c Expectations
d All of the above
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Ans.
option ( D ) All of the above

Explanation
The nonprice determinants of aggregate supply include


A. Resource Prices
If the costs of inputs falls, supply will increase. If input costs rise, supply decreases.


B. Technology
New technologies make production more efficient and increase supply.


C. Expectations
If firms expect the prices of their goods to rise, they will increase production now. If they expect prices to fall, they will reduce supply now.


option ( D ) All of the above


0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
All of the following are determinants of supply except Technology Income Number of sellers Input prices
All of the following are determinants of supply except Technology Income Number of sellers Input prices
Supply chain processes include A. procurement. B. production. C. distribution D. all of the above.
Supply chain processes include A. procurement. B. production. C. distribution D. all of the above.
When aggregate demand shifts left along the short-run aggregate supply curve, a. unemployment and prices fall....
When aggregate demand shifts left along the short-run aggregate supply curve, a. unemployment and prices fall. b. unemployment and prices rise. c. unemployment falls and prices rise. d. unemployment rises and prices fall.
Aggregate supply shifts to the left when: Question 15 options: a) there is a decrease in...
Aggregate supply shifts to the left when: Question 15 options: a) there is a decrease in regulations. b) subsidies are higher. c) input prices rise. d) inflation expectations are lower.
If all prices are stuck at a predetermined level, then when a short-run aggregate supply curve...
If all prices are stuck at a predetermined level, then when a short-run aggregate supply curve is drawn with real GDP (Y) along the horizontal axis and the price level (P) along the vertical axis, this curve: a) is vertical. b) is horizontal. c) slopes downward and to the right. d) slopes upward and to the right.
Unemployment would increase and prices would decrease if A. aggregate demand shifted left B. aggregate demand...
Unemployment would increase and prices would decrease if A. aggregate demand shifted left B. aggregate demand shifted right C. aggregate supply shifted left D. aggregate supply shifted right
Why does the short-run aggregate supply curve shift to the left in the long run, following...
Why does the short-run aggregate supply curve shift to the left in the long run, following an increase in aggregate demand? A) Workers and firms adjust their expectations of wages and prices downward and they accept lower wages and prices. B) Workers and firms adjust their expectations of wages and prices downward and they push for higher wages and prices. C) Workers and firms adjust their expectations of wages and prices upward and they push for higher wages and prices....
Assume that people form expectations rationally and that the sticky-price model describes the aggregate supply curve...
Assume that people form expectations rationally and that the sticky-price model describes the aggregate supply curve in the economy. For each of the following scenarios explain whether or not monetary policy can have real effects on the economy. A. The central bank determines monetary policy using the same information available to all firms and at the same time firms are setting prices, so that both firms and policymakers have all of the same information. B. The central bank determines monetary...
1. The aggregate demand would shift to the right if: a. the money supply increases. b....
1. The aggregate demand would shift to the right if: a. the money supply increases. b. the Cambridge “k” increases. c. an increase in government spending is 100% offset by a decrease in consumer spending. d. foreign sector spending falls. e. All of the above. 2. The short run aggregate supply is viewed as upward sloping: a. showing that higher prices will lead to higher production. b. because it takes a while for wages to rise when prices rise. c....
Potential output is equal to A- long-run aggregate supply. B-long run aggregate demand. C-short-run aggregate supply....
Potential output is equal to A- long-run aggregate supply. B-long run aggregate demand. C-short-run aggregate supply. D-short-run aggregate demand.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT