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Question 1

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

Graphs with window x: 0 to 1200, y: 0 to 1200. Start Graph, Color black

xy
750-15
7501215
Start Graph, Color red
xy
950-15
9501215
Label "Real GDP" at pixel coordinates (175,0).Label "Price Level" at pixel coordinates (0,170).Label "LRAS1" at (x=750,11). Label "LRAS2" at (x=950,11).

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

Hint

Question 2

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

Graphs with window x: 0 to 1200, y: 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

Question 3

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

Graphs with window x: 0 to 1200, y: 0 to 1200. Start Graph, Color black

xy
250-15
2501215
Start Graph, Color red
xy
450-15
4501215
Label "Real GDP" at pixel coordinates (175,0).Label "Price Level" at pixel coordinates (0,170).Label "LRAS1" at (x=250,11). Label "LRAS2" at (x=450,11).

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

Hint

Question 4

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

Graphs with window x: 0 to 1200, y: 0 to 1200. Start Graph, Color black

xy
600-15
6001215
Start Graph, Color red
xy
800-15
8001215
Label "Real GDP" at pixel coordinates (175,0).Label "Price Level" at pixel coordinates (0,170).Label "LRAS1" at (x=600,11). Label "LRAS2" at (x=800,11).

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

Hint

Question 5

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

Graphs with window x: 0 to 1200, y: 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 Brazil?

Hint

Question 6

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

Graphs with window x: 0 to 1200, y: 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 the US?

Hint