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taupefly312Lv1
28 Sep 2019
Determine the effect on either the aggregate demand curve (is it a rightward or a leftward shift?), the aggregate short-term supply curve, and the long-term aggregate supply curve (does the upward sloping portions of the SAS curve shift left or right, or does the vertical portion of the LAS curve shift to the right or the left?). Also determine the effect on the price level, the real output level, and employment/unemployment. Explain and express this graphically using the AS/AD macro model.
From the mid-1980s to 2003, the value of the Japanese yen fell from over 300 yen per dollar to about 120 yen per dollar. Considering the impact of this alone, this would likely shift the U.S. AD curve to the right.
Determine the effect on either the aggregate demand curve (is it a rightward or a leftward shift?), the aggregate short-term supply curve, and the long-term aggregate supply curve (does the upward sloping portions of the SAS curve shift left or right, or does the vertical portion of the LAS curve shift to the right or the left?). Also determine the effect on the price level, the real output level, and employment/unemployment. Explain and express this graphically using the AS/AD macro model.
From the mid-1980s to 2003, the value of the Japanese yen fell from over 300 yen per dollar to about 120 yen per dollar. Considering the impact of this alone, this would likely shift the U.S. AD curve to the right.
Chika IlonahLv10
28 Sep 2019
