Aggregate supply - 10 pts to best answer =)?
***Aggregate supply will increase, decrease or remain the same for each of the follwing?
A New sources of silicon are located in Wyoming.
B New laws result in an influx of highly educated immigrants.
C. A hurricane destroys 50% of the nation’s oil refining capability.
D. A new process for producing glass revolutionizes the industry.
E. If government regulations force employers to provide dental insurance, the SRAS?
F. Congress votes to increase farm subsidies by 15%.
G. Congress votes to substantially increase the minimum wage.
Tagged with: aggregate supply • capability • congress votes • dental insurance • farm subsidies • force employers • government regulations • hurricane • immigrants • influx • insurance • minimum wage • new laws • oil refining • silicon • sras • wyoming
Filed under: Hurricane Questions
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wut?????
1.increase
2.decrease
3.decrease
4.remain the same
5.increase
6.increase
7.decrease
A: Increase (more natural resources)
B: Increase (more labor)
C: Decrease (less capital - less output)
D: Increase (better technology)
E: Decrease (higher costs of production)
F: Increase (lower costs)
G: Decrease (higher costs)