The following events have their initial impact on which of the following: aggreg

Question

The following events have their initial impact on which of the following: aggregate demand, short-run aggregate supply, long-run aggregate supply, or both short-run and long-run aggregate supply? Do the curves shift to the right or left?

a. Government cut infrastructure investment.

Short run aggregate supply decrease shift left

b. Government decreases the minimum wage.

Long run and short run aggregate supply shift left

c. The Federal Reserve increases the money supply.

Long run aggregate supply shift right

d. A favorable weather conditions increase corn crop.

This increases the natural resources at hand which in turn increases aggregate supply shifting it right in the short run

Are my answers right?

Explanation / Answer

Hmm....Everything sounds correct only.

Must be correct.

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