Am kwofie Florence . I am a Ghanaian from west Africa. But I was to know the period of time that permits an increase in the supply of a firm’s output to meet increase demand ?
Hi, I would Like to ask this question:
Explain whether each of the following events shifts the short-run aggregative-supply curve, the aggregate demand curve, both, or either. For each event that does shift curve, draw a diagram to illustrate the effect on the economy.
a) Households decide to save a larger share of their income. Draw the label and explain.
b) Florida orange groves suffer a prolonged period of below freezing temperatures. Draw the labels and explain clearly