A new technology increases the world supply of accessible oil and natural gas by

Question

A new technology increases the world supply of accessible oil and natural gas by 20%. Does this cause a shift of aggregate demand or aggregate supply? 1.aggregate demand 2.aggregate supply An increase in the growth rate of output (real GDP) around the world leads to a 10% increase in US exports. Does this cause a shift of aggregate demand or aggregate supply? 1.aggregate supply 2.aggregate demand Bob graduates from college and begins to look for a job. After 2 months he finds a job. This is an example of _____. 1.frictional unemployment 2.real wage unemployment 3.cyclical unemployment 4.structural unemployment

Explanation / Answer

1. Aggregate demand will not shift.

2. Aggregate supply will shift rightwards.

1. Aggregate demand will shift rightwards.

2. Aggregate supply will not shift.

1.frictional unemployment

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