Question and answer
In late 2004, oil prices increased sharply while the rate of growth in labor productivity declined. The combination of these two factors should: A) shift the short-run aggregate supply curve
up (to the left). B) shift the short-run aggregate supply curve down (to the right). C) shift the aggregate demand curve to the right. D) shift the aggregate demand curve to the left.
a. Shift the short-run aggregate supply curve up
Expert answered|Alex S|Points 13|
Question
Asked 2/17/2013 7:55:22 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
If actual output exceeds potential output, then the economy: A) is experiencing an inflationary gap. B) is experiencing a recessionary gap. C) may be in a long-run equilibrium but is not in a short-run equilibrium. D) is in neither a short-run nor long-run equilibrium.
Weegy: If actual output exceeds potential output, then the economy: A) is experiencing an inflationary gap.... User: If autonomous expenditures are $1,000, income is $5,000, and the marginal propensity to expend is 0.6, then total expenditures according to the expenditure function would be: A) $3,000. B) $4,000. C)$5,000. D) $13,500. Weegy: If autonomous expenditures are $1,000, income is $5,000, and the marginal propensity to expend is 0.6, then total expenditures according to the expenditure function would be:$4,000. User: A decrease in the expected future income of the U.S. would likely: A) shift its AD curve to the left. B) shift its AD curve to the right. C) make its AD curve flatter. D) make its AD curve steeper. (More)
Question
Expert Answered
Asked 2/17/2013 7:32:21 AM
0 Answers/Comments
Before the Great Depression the popular view of government was: A) laissez-faire, and after the Depression the popular view of government was activist. B) activist, and after the Depression the popular view of government was laissez-faire. C) activist, and after the Depression the popular view of government was still activist. D) laissez-faire, and after the Depression the popular view of government was still laissez-faire.
Weegy: The causes of the Great Depression are a matter of active debate among economists, and are part of the larger debate about economic crises, [ although the popular belief is that the Great Depression was caused by the 1929 crash of the stock market C) activist, and after the Depression the popular view of government was still activist ] (More)
Question
Expert Answered
Updated 2/17/2013 9:04:13 AM
2 Answers/Comments

Before the Great Depression the popular view of government was: A) laissez-faire, and after the Depression the popular view of government was activist.




Added 2/17/2013 9:01:05 AM
This answer has been added to the Weegy Knowledgebase
mnagasekhar: Please provide accurate answer.

Please review Weegy's basic rules

Added 2/17/2013 9:04:13 AM
Which of the following factors will not shift the long-run aggregate supply curve? A) An increase in capital accumulation B) An increase in available resources C) An increase in the price level D) An improvement in production technology
Weegy: C) An increase in the price leve factors will not shift the long-run aggregate supply curve. [smile] (More)
Question
Expert Answered
Asked 2/17/2013 7:50:28 AM
0 Answers/Comments
If potential output exceeds actual output, then the economy: A) is experiencing an inflationary gap. B) is experiencing a recessionary gap. C) may be in a long-run equilibrium, but is not in a short-run equilibrium. D) is in neither a short-run nor long-run equilibrium.
Weegy: If actual output exceeds potential output, then the economy: A) is experiencing an inflationary gap.... User: The short-run aggregate supply curve is most likely to shift down (to the right) if: A) productivity falls. B) wages rise. C) sales taxes increase. D) import prices fall. Weegy: A. Productivity falls. (More)
Question
Expert Answered
Asked 2/17/2013 7:44:00 AM
0 Answers/Comments
If at the intersection of aggregate demand and short-run aggregate supply the level of real GDP is $11.2 trillion, and at the intersection of aggregate demand and long-run aggregate supply the level of real GDP is $10 trillion, then: A) actual output exceeds potential output, and we are in a recessionary gap. B) actual output exceeds potential output, and we are in an inflationary gap. C) potential output exceeds actual output, and we are in an infationary gap D) ...
Weegy: B) actual output exceeds potential output, and we are in an inflationary gap. (More)
Question
Expert Answered
Updated 2/17/2013 8:24:07 AM
1 Answer/Comment
Alex S, please restate the question as part of your answer and try to provide a source for your answers whenever possible. You can read the Weegy basic rules here:
Added 2/17/2013 8:24:07 AM
18,057,599 questions answered
Popular Conversations
How would you rewrite the equation 2x + 4y + 2 = 3y + 5 in general ...
Weegy: FOIL (First Outside Inside Last) = 2x(2x) + 2x(-3y) + (-3y)(2x) + (-3y)(-3y) = 4x^2 + (-6xy) + (-6xy) + ...
10/30/2014 6:28:25 PM| 4 Answers
Solve the following equation. x + 6 = x + x 2 6 14 72 User: ...
Weegy: I'm sorry, do you have a question I can help you with today? User: Solve for A. BA + C = D A = D - B - C A ...
10/30/2014 9:06:00 AM| 3 Answers
What is the slope of the line that has the equation 4x + 2y = 12?
Weegy: The slope of the line that has the equation 4x + 2y = 12 is -2. User: What is the y-intercept of the line ...
10/30/2014 6:21:18 PM| 3 Answers
Prior to the Seventeenth Amendment, who chose the members of the US ...
Weegy: Prior to the Seventeenth Amendment, State legislatures chose the members of the US Senate. User: Prior to ...
10/30/2014 7:05:25 AM| 2 Answers
In a plane, if two lines are perpendicular to the same line, then ...
Weegy: Two lines parallel to the same plane are parallel to each other. TRUE. User: Congruent triangles are any two ...
10/30/2014 8:12:29 AM| 2 Answers
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 3275 [Total 15650]| Ratings 0| Comments 3275| Invitations 0|Offline
S
L
1
L
P
C
1
P
C
1
L
Points 2104 [Total 11585]| Ratings 5| Comments 2054| Invitations 0|Online
S
1
L
1
L
P
P
L
Points 1114 [Total 13343]| Ratings 1| Comments 1104| Invitations 0|Offline
S
L
Points 888 [Total 2287]| Ratings 0| Comments 888| Invitations 0|Offline
S
Points 673 [Total 674]| Ratings 7| Comments 603| Invitations 0|Offline
S
1
L
L
Points 567 [Total 6361]| Ratings 3| Comments 537| Invitations 0|Offline
S
Points 482 [Total 482]| Ratings 0| Comments 452| Invitations 3|Offline
S
Points 468 [Total 468]| Ratings 1| Comments 458| Invitations 0|Online
S
L
Points 79 [Total 1296]| Ratings 1| Comments 69| Invitations 0|Online
S
1
Points 65 [Total 683]| Ratings 0| Comments 65| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.