Use an aggregate supply (upsloping range) and aggregate demand diagram to demonstrate the effect of each of the following. For each problem state the determinant and what happens to the price level and RGDP. 8. Labor strikes cause an interruption in shipments of parts. 9. Increased graduation rates for schools lead to more-skilled workforce. 10. Stock and bonds markets soar.

Use an aggregate supply (upsloping range) and aggregate demand diagram to demonstrate the effect of each of the following. For each problem state the determinant and what happens to the price level and RGDP. 8. Labor strikes cause an interruption in shipments of parts. 9. Increased graduation rates for schools lead to more-skilled workforce. 10. Stock and bonds markets soar.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter14: Aggregate Demand And Supply

Section: Chapter Questions

Problem 6SQP

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Use an aggregate supply (upsloping range) and aggregate demand diagram to demonstrate the effect of each of the following. For each problem state the determinant and what happens to the price level and RGDP. 7. Productivity rises.
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