Given the following circumstances, indicate whether or not the aggregate supply curve would shift and, if so, which way would it shift: The price of a barrel of oil doubles An advance in alternative energy technology significantly reduces its cost In order to maintain a relatively clean air quality, a carbon emissions tax is levied against firms with a carbon footprint As a result of fracking, the price of natural gas is significantly reduced Advances in technology increase the productivity of the American worker, on average, by 30%

Given the following circumstances, indicate whether or not the aggregate supply curve would shift and, if so, which way would it shift: The price of a barrel of oil doubles An advance in alternative...

Given the following circumstances, indicate whether or not the aggregate supply curve would shift and, if so, which way would it shift:

- The price of a barrel of oil doubles
- An advance in alternative energy technology significantly reduces its cost
- In order to maintain a relatively clean air quality, a carbon emissions tax is levied against firms with a carbon footprint
- As a result of fracking, the price of natural gas is significantly reduced
- Advances in technology increase the productivity of the American worker, on average, by 30%

Jun 08, 2022