Podcast
Questions and Answers
What is the main cause of a shift in Short-Run Aggregate Supply (SRAS)?
What is the main cause of a shift in Short-Run Aggregate Supply (SRAS)?
- Changes in tax rates
- Changes in exchange rates
- Subsidies
- Changes in the cost of production (correct)
How do increases in the cost of raw materials and energy impact the Short-Run Aggregate Supply (SRAS) curve?
How do increases in the cost of raw materials and energy impact the Short-Run Aggregate Supply (SRAS) curve?
- Causes no change in SRAS
- Shifts SRAS to the left (correct)
- Has no impact on SRAS
- Shifts SRAS to the right
What effect does a weaker pound have on the Short-Run Aggregate Supply (SRAS) curve?
What effect does a weaker pound have on the Short-Run Aggregate Supply (SRAS) curve?
- Shifts SRAS to the right
- Increases SRAS
- Decreases SRAS (correct)
- Has no effect on SRAS
How do changes in tax rates influence the Short-Run Aggregate Supply (SRAS) curve?
How do changes in tax rates influence the Short-Run Aggregate Supply (SRAS) curve?
Which factor causes a fall in Short-Run Aggregate Supply (SRAS) and shifts it to the left?
Which factor causes a fall in Short-Run Aggregate Supply (SRAS) and shifts it to the left?
What impact do subsidies have on the Short-Run Aggregate Supply (SRAS) curve?
What impact do subsidies have on the Short-Run Aggregate Supply (SRAS) curve?
How does a stronger pound influence Short-Run Aggregate Supply (SRAS)?
How does a stronger pound influence Short-Run Aggregate Supply (SRAS)?
Which factor directly causes a shift in the Short-Run Aggregate Supply (SRAS) curve to the right?
Which factor directly causes a shift in the Short-Run Aggregate Supply (SRAS) curve to the right?
During cost-push inflation, what happens to the Short-Run Aggregate Supply (SRAS) curve?
During cost-push inflation, what happens to the Short-Run Aggregate Supply (SRAS) curve?
How do changes in oil prices affect Short-Run Aggregate Supply (SRAS)?
How do changes in oil prices affect Short-Run Aggregate Supply (SRAS)?
