4. Explain and describe using a relevant diagram, the effect of the following events on Indonesia's short-run and long-run aggregate supply curve. Don't forget to interpret your diagram. a. If there is an increase in energy prices in the world. b. If there is forest fires.

4. Explain and describe using a relevant diagram, the effect of the following events on Indonesia's short-run and long-run aggregate supply curve. Don't forget to interpret your diagram. a. If there is an increase in energy prices in the world. b. If there is forest fires.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter4: Labor And Financial Markets

Section: Chapter Questions

Problem 22CTQ: Suppose that a 5 increase in the minimum wag causes a 5 reduction in employment. How would this...

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Question

4. Explain and describe using a relevant diagram, the effect of the following events on
Indonesia's short-run and long-run aggregate supply curve. Don't forget to interpret your
diagram.
a. If there is an increase in energy prices in the world.
b.
If there is forest fires.

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