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
21,958,868 questions answered
Popular Conversations
Match the parts of the following function with their correct ...
Weegy: I'm sorry. What is your question? User: Which of the following equations could be used to solve for the ...
8/30/2015 8:34:24 PM| 4 Answers
Why is Paine's use of aphorisms important in The Crisis No. ...
Weegy: C User: Read the quotation from The Crisis, No. 1, and then answer the question. “…the harder the conflict, ...
8/30/2015 4:35:59 PM| 2 Answers
Select the adverb clause from the sentence below. As population ...
Weegy: Yes, adverbs can be used to modify other adverbs. User: Select the adverb clause from the sentence below. ...
8/30/2015 6:51:38 PM| 2 Answers
Select the adverb clause from the sentence below. Unless there is ...
Weegy: Adverbs do not modify NOUN. User: Select the adverb clause from the sentence below. Wherever there have ...
8/30/2015 7:01:02 PM| 2 Answers
By creating international and national commissions to oversee atomic ...
Weegy: c. expand the development and research of atomic plants User: This was a U.S. policy proposed by George Kennan ...
8/30/2015 7:35:08 PM| 2 Answers
2. Given the formula K = LMN, what is the formula for M? A. ...
Weegy: A. M = K/LN User: 3. Solve this equation for A: A ÷ 2 = 4 A. 8 B. 4 C. 6 D. 2 Weegy: -6 + 3x = -9 ...
8/30/2015 8:24:13 PM| 2 Answers
Weegy Stuff
S
P
C
L
P
L
1
P
P
1
P
1
P
L
P
R
Points 1361 [Total 11714]| Ratings 7| Comments 1291| Invitations 0|Online
S
1
L
L
Points 855 [Total 9323]| Ratings 3| Comments 815| Invitations 1|Online
S
L
Points 798 [Total 1113]| Ratings 1| Comments 788| Invitations 0|Offline
S
L
L
P
1
Points 737 [Total 9310]| Ratings 2| Comments 717| Invitations 0|Offline
S
Points 557 [Total 783]| Ratings 1| Comments 547| Invitations 0|Online
S
Points 275 [Total 283]| Ratings 0| Comments 275| Invitations 0|Offline
S
Points 227 [Total 304]| Ratings 0| Comments 227| Invitations 0|Offline
S
Points 224 [Total 224]| Ratings 3| Comments 194| Invitations 0|Offline
S
Points 214 [Total 533]| Ratings 1| Comments 204| Invitations 0|Offline
S
Points 157 [Total 188]| Ratings 0| Comments 157| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.