business economics phần 6

kỷ lục tai nạn, số năm mà giấy phép đã được tổ chức, vi phạm pháp luật giao thông và kết án, mô hình và giá trị của chiếc xe, tuổi của chiếc xe, chi tiết của Đưa ra một số ví dụ khác về những thay đổi trong một tiêm hoặc thu hồi có thể ảnh hưởng đến những người khác. | Introduction to Economics ECO401 VU had shifted upwards . With an upward-sloping long-run AS curve if there had been no such cost-push pressures g would be to the north east of a. Alternatively if cost-push pressures had been great enough point g could be to the northwest of point a. Is it possible for the AS curve shift to the right over time If it did how would this influence the effects of the rises in aggregate demand Potential GDP Yp and hence AS will shift to the right over time as potential growth takes place new resources discovered and new technologies invented . Also the rise in aggregate demand and in output may lead to increased investment and hence a bigger capital stock this too will shift Yp and AS to the right. The rightward shift of Yp and AS will allow the rise in aggregate demand to lead to a bigger increase in actual output Y and a smaller increase in the price level. Assume that there are two shocks. The first causes aggregate supply to shift to the left. The second occurring several months later has the opposite effect on aggregate supply. Show that if both these effects persist over a period of time but gradually fade away the economy will experience a recession which will bottom out and be followed in smooth succession by a recovery. A fall leftward shift in aggregate supply in the new classical model will reduce output and hence cause a recession. If the shock pushing the AS curve to the left persists for a period of time then the recession will deepen as aggregate supply falls but less and less quickly as the effect fades away. If the second shock has a rightward pushing effect on the AS curve then as the first effect fades away the second effect will become relatively stronger. Output will begin to rise again and gather pace as the first effect disappears. Whether output will continue falling initially after the appearance of the second effect depends on the relative size of the two effects at that particular stage. If you are living in a

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