Aggregate Supply Flashcards by Alban Audibert | Brainscape

Q

How many types of AS curves are there?

A

2

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

How many types of AS curves are there?

A

2

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Changes in Costs of production

A

Cause the SRAS curve to shift.

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Changes in factors of production cause

A

The LRAS curve to shift

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

The Keynesian LRAS curve

A

is L-Shaped

How well did you know this?

1

Not at all

2

3

4

5

Perfectly