We know the long-run aggregate supply curve in the AD-AS model can shift. Which of the following situations will not result in a shift of the LRAS curve? The interruption of production due to a cyclone. Automation which improves productivity. An influx of highly skilled workers through immigration. Changes in the endowment of natural resources. Changes in technology levels.

In the AD-AS model, a simultaneous increase in consumer confidence (leading to more consumption) and a technological breakthrough (leading to more productive capabilities) will have which of the following effects on the Aggregate Demand (AD) curve and the Long-Run Aggregate Supply (LRAS) curve?This is a multi answer question. You can select one or more options as the answer.A.AD shifts to the right; LRAS remains unchanged.B.AD shifts to the left; LRAS shifts to the right.C.AD shifts to the right; LRAS shifts to the right.D.AD remains unchanged; LRAS shifts to the left.

In the AD-AS model, the leftward shift in the aggregate supply curve may be due to (    ).A.Otherwise unchanged and monetary wage increase.B.All other things being equal, the price of raw materials has risen.C.Other things being equal, labour productivity declines.D.All of the above are possible.

In the AD-AS (Aggregate Demand - Aggregate Supply) model, assume the economy is initially at a long-run equilibrium. Suddenly, a major technological breakthrough occurs, leading to higher productivity across industries. Which of the following is the most likely immediate result in the AD-AS model?A.Aggregate demand (AD) shifts to the right.B.Aggregate supply (AS) shifts to the right.C.Aggregate demand (AD) shifts to the left.D.Aggregate supply (AS) shifts to the left.

Within the context of the AD-AS Model, if there is a technological breakthrough that boosts productivity across all sectors of an economy, what is the immediate expected impact on the Short-Run Aggregate Supply (SRAS) curve?A.The SRAS curve will shift to the right.B.The SRAS curve will shift to the left.C.The SRAS curve will remain unchangedD.The direction of the SRAS shift is unpredictable.

In the Aggregate Demand-Aggregate Supply (AD-AS) model, consider an economy that is initially in long-run equilibrium. Which of the following events is most likely to cause both a leftward shift in the AD curve and a leftward shift in the SRAS (Short-Run Aggregate Supply) curve?This is a multi answer question. You can select one or more options as the answer.A.A global technological breakthrough that benefits all industries.B.A sudden and significant increase in global oil prices.C.A decrease in general consumer confidence across the economy.D.A broad reduction in import tariffs by the government.