Map macmillan learning How, if at all, did these events affect the long-run aggr

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Map macmillan learning How, if at all, did these events affect the long-run aggregate supply (LRAS) curve? Note that some items may be unplaced. Shifted the LRAS curve to the left Shifted theLRAS curve to the right Significant and sustained A central bank increasing A tsunami destroying much of the increases in income tax rates the amount of money in circulation. existing stock of capital in Japan. The Internet revolution of the 1990s The 1970s oil crisis. James Watt's invention of the steam engine in 1775. Previous Check Answer Next Exit A Hint

Explanation / Answer

Ans. Shifted the LRAS curve to the left:

Shifted the LRAS curve to the right:

A central bank increasing the amount of money in circulation - It will cause a rightward shift in Aggregate Demand curve.

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