QUESTION ONE [40] Discuss four (4) contemporary examples of events that could shift the short run aggregate supply curve. Include in your discussion an analysis of the short-term effects of these shifts on output, employment, and price levels in an economy. Motivate your answer with the aid of a diagram. QUESTION TWO Define and distinguish between the main types of unemployment in the context of macroeconomics. [30]

QUESTION ONE [40] Discuss four (4) contemporary examples of events that could shift the short run aggregate supply curve. Include in your discussion an analysis of the short-term effects of these shifts on output, employment, and price levels in an economy. Motivate your answer with the aid of a diagram. QUESTION TWO Define and distinguish between the main types of unemployment in the context of macroeconomics. [30]

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter12: The Partial Equilibrium Competitive Model

Section: Chapter Questions

Problem 12.12P

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Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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