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The graph below shows the Long-Run Aggregate Supply Curves (LRAS) for Mexico.

Graphing window shows horizontal axis: 0 to 1200, vertical axis: 0 to 1200. Start Graph, Color black

xy
400-15
4001215
Start Graph, Color red
xy
600-15
6001215
Label "Real GDP" at pixel coordinates (175,0).Label "Price Level" at pixel coordinates (0,170).Label "LRAS1" at (x=400,11). Label "LRAS2" at (x=600,11).

What event could shift LRAS from LRAS1 (black color) to LRAS2 (red color) in Mexico?

 

Hint


The graph below shows the Long-Run Aggregate Supply Curves (LRAS) for Spain.

Graphing window shows horizontal axis: 0 to 1200, vertical axis: 0 to 1200. Start Graph, Color black

xy
200-15
2001215
Start Graph, Color red
xy
400-15
4001215
Label "Real GDP" at pixel coordinates (175,0).Label "Price Level" at pixel coordinates (0,170).Label "LRAS1" at (x=200,11). Label "LRAS2" at (x=400,11).

What event could shift LRAS from LRAS1 (black color) to LRAS2 (red color) in Spain?

 

Hint


The graph below shows Long-Run Aggregate Supply Curves (LRAS) for Canada.

Graphing window shows horizontal axis: 0 to 1200, vertical axis: 0 to 1200. Start Graph, Color black

xy
500-15
5001215
Start Graph, Color red
xy
700-15
7001215
Label "Real GDP" at pixel coordinates (175,0).Label "Price Level" at pixel coordinates (0,170).Label "LRAS1" at (x=500,11). Label "LRAS2" at (x=700,11).

What event could shift LRAS from LRAS1 (black color) to LRAS2 (red color) in Canada?

 

Hint


The graph below shows the Long-Run Aggregate Supply Curves (LRAS) for Brazil.

Graphing window shows horizontal axis: 0 to 1200, vertical axis: 0 to 1200. Start Graph, Color black

xy
550-15
5501215
Start Graph, Color red
xy
750-15
7501215
Label "Real GDP" at pixel coordinates (175,0).Label "Price Level" at pixel coordinates (0,170).Label "LRAS1" at (x=550,11). Label "LRAS2" at (x=750,11).

What event could shift LRAS from LRAS1 (black color) to LRAS2 (red color) in Brazil?

 

Hint


The graph below shows the Long-Run Aggregate Supply Curves (LRAS) for Brazil.

Graphing window shows horizontal axis: 0 to 1200, vertical axis: 0 to 1200. Start Graph, Color black

xy
450-15
4501215
Start Graph, Color red
xy
650-15
6501215
Label "Real GDP" at pixel coordinates (175,0).Label "Price Level" at pixel coordinates (0,170).Label "LRAS1" at (x=450,11). Label "LRAS2" at (x=650,11).

What event could shift LRAS from LRAS1 (black color) to LRAS2 (red color) in Brazil?

 

Hint


The graph below shows the Long-Run Aggregate Supply Curves (LRAS) for Slovenia.

Graphing window shows horizontal axis: 0 to 1200, vertical axis: 0 to 1200. Start Graph, Color black

xy
50-15
501215
Start Graph, Color red
xy
250-15
2501215
Label "Real GDP" at pixel coordinates (175,0).Label "Price Level" at pixel coordinates (0,170).Label "LRAS1" at (x=50,11). Label "LRAS2" at (x=250,11).

What event could shift LRAS from LRAS1 (black color) to LRAS2 (red color) in Slovenia?

 

Hint