ANSWER: a. buying bananas in Honduras and selling them in Guatemala, which would tend to raise the price of bananas in Honduras. 17. Which of the following would make the price level decrease and real GDP increase? a. longrun aggregate supply shifts right. b. longrun aggregate supply shifts left. c. aggregate demand shifts right. d.
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Get PriceAggregate supply is the total supply of goods and services that firms in a national economy plan on selling during a specific period. It is the total amount of goods and services that firms are willing and are able to sell at a certain price level in an economy. What are the 7 shifters of supply? Supply shifters include (1) prices of factors of production, (2) returns from alternative ...
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Get PriceThe aggregate supply curve is not a market supply curve, and it is not the simple sum of all the individual supply curves in the economy. Because many firms in the economy set prices as well as output, we can say an "aggregate supply curve" is really a "price/output response" curve—a curve that traces out the price decisions and output decisions of all firms in the economy under .
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Get PriceFurther information about definitional changes and the introduction dates of monetary aggregates can be found in the Statistics article UK monetary aggregates: main definitional changes. Publiion of final data will usually occur on the 21st working day following the end of the period in Growth rates of M4 and M4 lending (Table ) and ...
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Get PriceGuatemala produces an excess supply of coffee but has consumers demanding electronics. Mexico generates a large supply of electronics but its market demands more coffee. ... A vertical AS curve means that the level of aggregate supply (or potential GDP) will determine the real GDP of the economy, regardless of the level of: aggregate demand.
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