Answered: Please talks about the some economic…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please talks about the some economic changes that make AS and AD curve becom steeper without shifting separately.

Thank u :)

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You said that "this may result in a steeper AS curve due to the fact that firms can produce more output for a given price level.". However, I think that steeper AS without the change of y-intercept(shift) will have opposite effect. I drew a diagram to compare different As curves with same y intercept and different slopes. It is clear that for same level; of price level, steeper AS has loer output (Y2) than faltter AS (Y1), could u please explain it for me? Thanks a lot :)

11:46 Sun Apr 16
Algebra
Tools
Table
f:y = 0.5 x + 6
p(x)
=
2x+6
g(x) = -1x + 15
+ Input...
:
GeoGebra Calculator Suite
5
-4
-2
22
20-
18-
16
14-
12-
10-
00
-6
4
2-
0
-2-
-4-
...
1
1
(
1
t
2
Y₂
4
6
AS₂ = 2x+6
8
10
(
1
1
1
تد
14
AS₁ = 0₁ +x+6
34%
AD == x + 15
16
18
20
22

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