www.N-AUDIOPRO.COMPS7 - Word (Unlicensed Product)A Philip Ekoma JrReferencesMailingsReviewViewHelpO FindAa A| 13|三国一 ,少,…,AaBbCcD AaBbCcD AaBbC AaBbCcC AaBReplaceDictate1.A-I NormalT No Spac. Heading 1Heading 2TitleA Select, 叫一川即:ParagraphStylesEditingVoice美一5.b. Explain how the "wealth effect" causes the Aggregate Demand curve to be downwardsloping.C. Explain how "sticky nominal wages" cause the Short-Run Aggregate Supply curve to beupward sloping.d. The table below lists a number of economic events. For each event, indicatewhether it will shift. the AD curve to the right (by entering "R"), to the left (byentering "L"), or not at all (by leaving it blank),whether it will shift the Short-Run AS curve to the right (by entering “R), tothe left (by entering "L"), or not at all (by leaving it blank)班班The first entry is filled in for you. [FILL IN THE REMAINING ROWS, AS INSTRUCTED ABOVE]ADEventsShiftShiftAn increase in consumer optinism causes a rise inR.consumptionA nationwide, prolonged internet outage severelydecreases worker productivityA sharp rise in the stock market increases consumerwealthThe,price of oil sharply decreases AND businessesdecrease investment due to pessimism about thefutureA sharp rise in health insurance premiums requiresSemployers to increase their workers overallcompensationレe _面 0dy

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how the "wealth effect" causes the Aggregate Demand curve to be downward. how "sticky nominal wages" cause the Short-Run Aggregate Supply curve to

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

www.N-AUDIOPRO.COM
PS7 - Word (Unlicensed Product)
A Philip Ekoma Jr
References
Mailings
Review
View
Help
O Find
Aa A
| 13|三国一 ,少,…,
AaBbCcD AaBbCcD AaBbC AaBbCcC AaB
Replace
Dictate
1.A-
I Normal
T No Spac. Heading 1
Heading 2
Title
A Select
, 叫一川即:
Paragraph
Styles
Editing
Voice
美
一
5.
b. Explain how the "wealth effect" causes the Aggregate Demand curve to be downward
sloping.
C. Explain how "sticky nominal wages" cause the Short-Run Aggregate Supply curve to be
upward sloping.
d. The table below lists a number of economic events. For each event, indicate
whether it will shift. the AD curve to the right (by entering "R"), to the left (by
entering "L"), or not at all (by leaving it blank),
whether it will shift the Short-Run AS curve to the right (by entering “R), to
the left (by entering "L"), or not at all (by leaving it blank)
班班
The first entry is filled in for you. [FILL IN THE REMAINING ROWS, AS INSTRUCTED ABOVE]
AD
Events
Shift
Shift
An increase in consumer optinism causes a rise in
R.
consumption
A nationwide, prolonged internet outage severely
decreases worker productivity
A sharp rise in the stock market increases consumer
wealth
The,price of oil sharply decreases AND businesses
decrease investment due to pessimism about the
future
A sharp rise in health insurance premiums requiresS
employers to increase their workers overall
compensation
レe _面 0
dy

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