Complete the following diagram.
​1.) Using the line drawing tool​, draw a​ long-run aggregate supply curve for any value of GDP greater than​ $2 trillion. Label it​ 'LRAS'.
​2.) Using the​ 3-point curved line drawing tool​, draw a ​ short-run aggregate supply curve. Label it​ 'SRAS'.
Part 2
Carefully follow the instructions​ above, and only draw the required objects. Part 3
b. Which of the following factors will shift the​ short-run aggregate supply curve but not the​ long-run AS?
Part 4
A.Upper A decrease in labor productivity
Upper A decrease in labor productivity
B.Upper A permanent increase in oil production.
Upper A permanent increase in oil production.
C.
An economy wide decrease in wages.
D.Upper A decrease in capital
Upper A decrease in capital
Part 5
c. If petroleum prices increase temporarily the
▼
long-run aggregate supply
short-run aggregate supply
aggregate demand
curve would shift to the
▼
left
right
.