Question
Use an aggregate economy framework (AD/AS) to show the effects of the following event on the economy, starting at the long run macroeconomic equilibrium. Remote
Use an aggregate economy framework(AD/AS)to show the effects of the following event on the economy, starting at the long run macroeconomic equilibrium.
Remote work becomes the norm as firms realize greater worker productivity after allowing for more flexibility from their workers.
The aggregate demand [ Select ] ["increases", "does not shift", "decreases"] .
The aggregate supply [ Select ] ["increases", "does not shift", "decreases"]
Impact on the economic indicators:
real GDP [ Select ] ["decrease", "increases", "same / indeterminate"]
Unemployment [ Select ] ["same / indeterminate", "decreases", "increases"]
Inflation [ Select ] ["same / indeterminate", "decreases", "increases"]
State of the economy:
The economy enters into: [ Select ] ["long run equilibrium", "expansion", "recession"]
Show a graph
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