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:

Blood Clots

Formations of semi-solid masses in the blood, potentially leading to medical conditions such as stroke or heart attack.

Coagulation Studies

Tests that assess the ability of blood to clot, used to diagnose and manage bleeding disorders.

Edema

Swelling caused by excess fluid trapped in the body's tissues, commonly occurring in the feet, ankles, and legs.

Continuous Cardiac Monitoring

A medical practice involving the constant observation and recording of heart activity to detect and diagnose cardiac abnormalities.