In the following table, determine how each event likely effects potential output (a.k.a., long-run aggregate supply). WordFileEditViewInsertFormatToolsTableWindowHelp96% [4)Wed 7:26 AMLAP LNECON2113 Aggregate Market A XA WebAssign Homework #6 (Cha X b My Questions | bartlebyx +batonoAutoSaveW ECON2113 Aggregate Market AssignmentOFFMPausedUpdate :zonHomeInsertDrawDesignLayoutReferencesMailingsReviewViewO Tell meShareO Commentses.xlsxCalibri (Bo...11A A Aa vBI UStyles StylesPastev ab x, x Av ADictateSensitivityPanenaasman三 DECON2113 Aggregate Market Assignment19.pdfECONGAggate Market Auigment1. In the following table, determine how each event likely effects potential output (a.k.a., long-runODaggregate supply).Direction of Potential OutputсоруShiftZOOMEventLeftRightNo ShiftThe government allows more immigration of working-age adults.nment1For environmental and safety reasons, the government requiresthat the country's nuclear power plants be permanently shutShotntial output (a.k.a., long-run5.27 AMdown.An investment tax credit increases the rate at which firms acquiremachinery and equipment.ection of Potential OutputShiftitRightNo Shift2. In the following table, determine how each event affects the position of the aggregate demandcurve.Direction of AD Curve ShiftEventLeftRightNo ShiftA decrease in consumer confidence (suggests people believe acontraction/recession coming)A decrease in individual income tax ratesAn increase in the value/price of housingPage 1 of 1157 wordsEnglish (United States)Focus+120%285NOV53.1415934étvW4DOCX+lili

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1. In the following table, determine how each event likely effects potential output (a.k.a., long-run aggregate supply). Direction of Potential Output Shift Event Left Right No Shift The government allows more immigration of working-age adults. For environmental and safety reasons, the government requires that the country's nuclear power plants be permanently shut down. An investment tax credit increases the rate at which firms acquire machinery and equipment.

1. In the following table, determine how each event likely effects potential output (a.k.a., long-run aggregate supply). Direction of Potential Output Shift Event Left Right No Shift The government allows more immigration of working-age adults. For environmental and safety reasons, the government requires that the country's nuclear power plants be permanently shut down. An investment tax credit increases the rate at which firms acquire machinery and equipment.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Need help with this. Please show how to adjust the AS and AD lines. Thanks!
What are the major factors that will affect short-run aggregate supply and long-run aggregate supply?