supercute4656 supercute4656
  • 15-07-2017
  • Business
contestada

A decrease in labor's productivity will cause the economy's sras curve to shift __________ and the price level to __________.

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LearnGrow
LearnGrow LearnGrow
  • 22-07-2017
The SRAS curve captures the supply-side of the aggregate market. It represents graphically the short-run relation between real production and the price level.
A decrease in labor's productivity will cause the economy's SRAS curve to shift rightwar and the price level to decrease. Because l
abor productivity is the measure of economic growth this means that the bigger the labor  productivity  the greater the GDP. And greater GDP means shifting the SRAS curve to the right .
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