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Economics A Level (DONEEEEEEE)
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Pregunta:
How can a Shift in the AS [With a Macroeconomic Equilibrium Diagram] to the Right affect all 4 Macroeconomic Performance Positively? -Is the Opposite True?
Autor: eric_galvaoRespuesta:
-If the AS increases from SRAS to SRAS1 then: -The Economy will Grow to the New Output [Y1] -The new Output means more Employment [Derived Demand] -Prices also will Fall so Inflation becomes Lower -Economy becomes more Competitive [From Prices falling] so Exports can Increase -The Opposite is True. SRAS going Left will Worsen all 4
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![-If the AS increases from SRAS to SRAS1 then:
-The Economy will Grow to the New Output [Y1]
-The new Output means more Employment [Derived Demand]
-Prices also will Fall so Inflation becomes Lower
-Economy becomes more Competitive [From Prices falling] so Exports can Increase
-The Opposite is True. SRAS going Left will Worsen all 4](https://markdown.memory.com/eq_uploads/1110385/question_image_695d2e9c-c280-403c-b671-ef4d7b95e6f6.jpg)
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eric_galvao