If the aggregate supply curve shifts leftward, thena. the resulting increase in the price level is usually called cost-push inflationb. the price level increases and output increasesc. the price level increases as long as the aggregate demand curve shifts rightwardd. the resulting increase in the price level is usually called demand-pull inflatione. the price level decreases and output increases A decrease in the capital–labor ratio would result in:a. higher labor productivity because labor does more work.O b. lower labor productivity because labor is working with relatively less capital.c. higher labor productivity because labor is producing less capital and more of other goods.O d. higher labor productivity because more capital is available.O e. lower labor productivity because more capital is available.

1) When there is leftward shift in the aggregate supply curve, that is the decrease in supply of the…

If the aggregate supply curve shifts leftward, then a. the resulting increase in the price level is usually called cost-push inflation O b. the price level increases and output increases O c. the price level increases as long as the aggregate demand curve shifts rightward O d. the resulting increase in the price level is usually called demand-pull inflation O e. the price level decreases and output increases

If the aggregate supply curve shifts leftward, then a. the resulting increase in the price level is usually called cost-push inflation O b. the price level increases and output increases O c. the price level increases as long as the aggregate demand curve shifts rightward O d. the resulting increase in the price level is usually called demand-pull inflation O e. the price level decreases and output increases

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If the aggregate supply curve shifts leftward, then
a. the resulting increase in the price level is usually called cost-push inflation
b. the price level increases and output increases
c. the price level increases as long as the aggregate demand curve shifts rightward
d. the resulting increase in the price level is usually called demand-pull inflation
e. the price level decreases and output increases

A decrease in the capital–labor ratio would result in:
a. higher labor productivity because labor does more work.
O b. lower labor productivity because labor is working with relatively less capital.
c. higher labor productivity because labor is producing less capital and more of other goods.
O d. higher labor productivity because more capital is available.
O e. lower labor productivity because more capital is available.

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Please help with this practice question
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