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a favorable supply shock, such as a decrease in energy prices, is most likely to have which of the following short-run effects on the price level and output?

Respuesta :

The short-run aggregate supply curve will move to the left as wages rise, restoring long-run equilibrium.

Which of the following will result in an increase in short-term aggregate supply?

A decrease in the price of capital, one of the production components, results in a decrease in the cost of production for businesses. As a result, a decrease in production costs results in an increase and rightward shift in the short-run aggregate supply.

Which of the following will most likely result in a rightward shift in the aggregate supply curve?

The aggregate supply curve and labor cost are inversely correlated. As a result, the aggregate supply curve moves to the left as labor costs rise and to the right as labor costs decline.

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