Question
An explanation and graph for the short run effect (including the determinant of AD or AS that is causing the shift, the line that shifts
An explanation and graph for the short run effect (including the determinant of AD or AS that is causing the shift, the line that shifts (AD or AS), the direction of the shift (left or right), and the impact on output and price level (increase or decrease)
I mostly need help on the graphs. I have an idea but I don't think it matches my explanation.
A new law requiring all businesses to provide health care for their employees is signed by the president
Congress votes to cut spending on the space program
In an effort to provide tax relief for households while still balancing the budget, Congress votes to raise business taxes and decrease personal taxes
The price of a barrel of oil, a resource used by manufacturers, skyrockets amid wild speculation on Wall Street
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