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
x
y
300
-15
300
1215
Start Graph, Color red
x
y
500
-15
500
1215
Label "Real GDP" at pixel coordinates (175,0).Label "Price Level" at pixel coordinates (0,170).Label "LRAS1" at (x=300,11). Label "LRAS2" at (x=500,11).
What event could shift LRAS from LRAS1 (black color) to LRAS2 (red color) in Mexico?
Increase in capital.
What event allows for increased production?
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
x
y
500
-15
500
1215
Start Graph, Color red
x
y
700
-15
700
1215
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 Brazil?
Better technology
What event will allow for greater production?
The graph below shows 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
x
y
200
-15
200
1215
Start Graph, Color red
x
y
400
-15
400
1215
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?
Increase in immigration.
What event will allow for greater production?
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
x
y
750
-15
750
1215
Start Graph, Color red
x
y
950
-15
950
1215
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 Spain?
Increase in fertility rate.
What event will allow for greater production?
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
x
y
150
-15
150
1215
Start Graph, Color red
x
y
350
-15
350
1215
Label "Real GDP" at pixel coordinates (175,0).Label "Price Level" at pixel coordinates (0,170).Label "LRAS1" at (x=150,11). Label "LRAS2" at (x=350,11).
What event could shift LRAS from LRAS1 (black color) to LRAS2 (red color) in Spain?
Increase in free public higher education.
What event will allow for greater production?
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
x
y
400
-15
400
1215
Start Graph, Color red
x
y
600
-15
600
1215
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?