1200- 1100- 1000- 900- Price Level 800 700 600 500 400 300- 200- 100 LRASI LRAS2 100 200 300 400 500 600 700 800 9001000 Real GDP What is a possible cause for the long run aggregate supply to shift from LRAS1 to LRAS2? O A decrease in capital. O A decrease in labor. O An increase in the fertility rate O A global war.
1200- 1100- 1000- 900- Price Level 800 700 600 500 400 300- 200- 100 LRASI LRAS2 100 200 300 400 500 600 700 800 9001000 Real GDP What is a possible cause for the long run aggregate supply to shift from LRAS1 to LRAS2? O A decrease in capital. O A decrease in labor. O An increase in the fertility rate O A global war.
Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter33: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
Problem 4CQQ
Related questions
Question
![1200
1100
1000
900
800
700-
600
500
Price Level
400
300
200-
100
LRASI LRAS2
100 200 300 400 500 600 700 800 9001000
Real GDP
What is a possible cause for the long run aggregate supply to shift from LRAS1 to LRAS2?
O A decrease in capital.
O A decrease in labor.
O An increase in the fertility rate.
O A global war.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3daa70b1-e77e-4c4a-8abd-9e2d458c9872%2F4d108b3c-fe45-4ca2-90a9-ef7938193978%2Ftj8yhw_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1200
1100
1000
900
800
700-
600
500
Price Level
400
300
200-
100
LRASI LRAS2
100 200 300 400 500 600 700 800 9001000
Real GDP
What is a possible cause for the long run aggregate supply to shift from LRAS1 to LRAS2?
O A decrease in capital.
O A decrease in labor.
O An increase in the fertility rate.
O A global war.
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