Lit three factors that can change the economyâ??s potential output. What is the impact of shifts of the aggregate demand curve on potential output? Illustrate your answers with a diagram© BrainMass Inc. brainmass.com October 25, 2018, 4:00 am ad1c9bdddf
Three factors that can change an economy's potential output are the three inputs into the production function: labor, capital, and technology. Potential output is defined to be the output at full employment. If there are more workers in the economy then the full employment quantity of labor will be higher, and so will be the ...
This solution exemplifies the impact of shifts of the aggregate demand curve on potential output.
Macroeconomic Prescription for the Near Future
Subject: modern graph and prediction of aggregate supply and demand curve
Details: write a paper describing my assessment of the current aggregate demand and aggregate suppy curves; my prediction and prescription for the near future. sources must be sited. The ad/as curves reasonably coincide with reality, include graphics, economic prediction for the near future is pased upon economic facts and sound economic theory. Macroeconomic prescription for the near future is logical based upon my prediction of the economy.
can you give me a starting point for this? maybe a few paragraphs?