If the economy receives an influx of new workers from immigration: the long-run aggregate supply curve will shift to the right. the long-run aggregate supply curve will shift to the left. the short-run aggregate supply curve will shift right but long-run aggregate supply will not change. the economy will move up along the long-run aggregate supply curve. the economy will move down along the long-run aggregate supply curve.

When the economy experiences a permanent positive supply side shock that shifts the long-run aggregate supply to the right, the short run aggregate supply curve: Question 2Select one:A.Will begin by shifting left, and then be pulled right by the long-run aggregate supply over time.B.None of these adjustments will occur.C.Will gradually shift right until it reaches long-run aggregate supply and the new long-run equilibrium.D.Will instantly shift right with the long-run aggregate supply to the new long-run equilibrium.

Which of the following events will shift the Short Run Aggregate Supply curve to the left?Choose one answer from the options below.real wages rise.inflation expectations decrease.land costs fall.a fall in interest rates.None of the Above.BackNext

The Australian economy is initially in long-run equilibrium. The Federal government now increases its spending on defence. In the short run: the aggregate demand curve shifts left and the short-run aggregate supply curve shifts left. the aggregate demand curve shifts left and the short-run aggregate supply does not shift. the aggregate demand curve shifts right and the short-run aggregate supply curve does not shift. the aggregate demand curve shifts left and the short-run aggregate supply curve shifts right. the aggregate demand curve shifts right and the short-run aggregate supply curve shifts right.

The economy is initially at its long-run equilibrium. A diplomatic dispute with its trading partner countries now leads to a decline in its exports. In the short run, the aggregate demand curve shifts left. In the long run, the price level decreases, the output returns to its potential, and real wages decrease. In the short run, the aggregate demand curve shifts right. In the long run, the price level increases, the output returns to its potential, and real wages do not change. In the short run, the aggregate demand curve shifts right. In the long run, the price level increases, the output returns to its potential, and real wages increase. In the short run, the aggregate demand curve shifts right. In the long run, the price level increases, the output returns to its potential, and real wages decrease. In the short run, the aggregate demand curve shifts left. In the long run, the price level decreases, the output returns to its potential, and real wages do not change.

If more workers leave Australia to seek out better opportunities in another country than new workers arriving into​ Australia, then this​ will: a. Shift the​ short-run aggregate supply curve of Australia to the left. b. Shift the​ short-run aggregate supply curve of Australia to the right. c. Move the Australian economy down along a stationary​ short-run aggregate supply curve. d. Move the Australian economy up along a stationary​ short-run aggregate supply curve.