Changes in Aggregate Supply

Changes in Aggregate Supply

5. (Changes in Aggregate Supply) List three factors that can change the economy’spotential output. What is the impact of shifts of the aggregate demand curve onpotential output? Illustrate your answer with a diagram.1) Supply of resources in the economy2) Level of technology3) Production incentives provided by the formal and informal institutions of theeconomic system.

Price: £ 59

100% Plagiarism Free & Custom Written, Tailored to your instructions

Leave your Comments

Can't read the image? click here to refresh