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
18,805,618 questions answered
Popular Conversations
Read the sentence below and correct the pronoun-antecedent agreement ...
Weegy: The three museums in this area that have contributed artifacts for the Egyptian mummy exhibit claim to have five ...
12/21/2014 10:17:21 PM| 3 Answers
Write an equation that represents the problem, then solve the ...
Weegy: 4*6=x
12/21/2014 10:22:19 AM| 2 Answers
Multiply. (-8.7)(-1.1) User: divide -5/-20
Weegy: The answer is 100
12/21/2014 10:42:03 AM| 2 Answers
definition of technical writing
Weegy: Writing is language in a textual medium through the use of a set of signs or symbols (known as a writing ...
12/21/2014 2:20:26 PM| 2 Answers
Which area of individual competence is most important for accurately ...
Weegy: critical thinking is the area of individual competence is most important for accurately perceiving group ...
12/21/2014 5:18:18 PM| 2 Answers
According to MyPlate, you should eat approximately two cups of ...
Weegy: MyPlate illustrates the five food groups that are the building blocks for a healthy diet using a familiar image ...
12/22/2014 1:05:21 AM| 2 Answers
Referencing the product below, what is one serving size in ...
Weegy: Acne is caused by: HORMONES. User: Organic foods tend to have higher levels of nutrients than nonorganic ...
12/22/2014 1:24:15 AM| 2 Answers
There are 12 inches in a foot. How many inches are in 8 feet?
Weegy: There are 36 inches in 3 feet. User: simplified expression for 8(x - 6) - 2(x - 5) + 7x.
12/22/2014 11:32:29 AM| 2 Answers
Weegy Stuff
S
L
P
L
Points 1163 [Total 5007]| Ratings 0| Comments 1163| Invitations 0|Offline
S
L
Points 806 [Total 1497]| Ratings 1| Comments 796| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
Points 710 [Total 14895]| Ratings 1| Comments 700| Invitations 0|Offline
S
Points 681 [Total 681]| Ratings 1| Comments 671| Invitations 0|Offline
S
P
C
L
P
L
1
Points 150 [Total 6469]| Ratings 1| Comments 140| Invitations 0|Online
S
L
Points 86 [Total 1546]| Ratings 1| Comments 76| Invitations 0|Offline
S
1
L
L
Points 33 [Total 6700]| Ratings 0| Comments 33| Invitations 0|Offline
S
Points 30 [Total 30]| Ratings 0| Comments 0| Invitations 3|Offline
S
Points 23 [Total 29]| Ratings 0| Comments 23| Invitations 0|Offline
S
Points 22 [Total 22]| Ratings 0| Comments 2| Invitations 2|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.