For the Following Changes in the Economy, Indicate Whether Short-Run

question 155

Essay

For the following changes in the economy, indicate whether short-run aggregate supply or long-run aggregate supply will be affected. Indicate the direction of the change.
a.an improvement in manufacturing technology
b.an increase in the world price of antimony (a chemical that the U.S. imports)
c.a bumper potato crop in the southern "potato belt"

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Definitions:

Socially Functional

This term refers to the ability of an individual to effectively interact and perform within societal norms and expectations.

Gender Difference

Variations in characteristics, roles, or behaviors between males and females due to societal, cultural, or biological factors.

Suicide Attempts

involve the act of trying to take one's own life but not resulting in death, highlighting significant mental health concerns.

Depressed Americans

Individuals residing in the United States who suffer from depression, a mental health disorder characterized by persistent sadness and lack of interest.