For each of the following, determine whether the short-run aggregate supply (SRAS) curve will shift to the right,
to the left, or remain unchanged. Justify your answer.
a. Commodity prices have risen across the economy.
b. The aggregate price level in the economy has fallen.
c. Worker productivity has been increasing.
d. Inflation has been low and is expected to remain low into the future.
a). Commodity prices have risen across the economy When the price of commodities rise in the market, then the short-run... View the full answer