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What can cause a production possible curve to move to the right?
Wiki User
∙ 8y ago
new technology, new labor sources, new resources
Destin Jones
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Cause the aggregate demand curve to shift outward?
Real shocks will determine the direction of the long-run aggregate demand curve. A real shock is an event or certain factors that cause more or less production. A war, for instance will halt factories from producing goods and will cause the aggregate demand curve to shift left. Higher production will lead to an outward shift to the right.
When does production possibility curve shift to the right?
due to economic growth
When new technology is introduced the production possibility curve will shift which way?
The right.
Will technological advances will cause the supply curve to shift to the left or right?
right
What happens to a supply curve if a tax on a good is repealed?
The supply curve of that good will increase or move to the right because the cost of production will have decreased.
Does the production possibilities curve slope downward?
Yes, production possibility curve slopes downwards to the right indicating that the economy has to forgo some quantity of one commodity to have more quantity of other commodity.
What effect would a decrease in production costs for all firms have on the aggregate supply curve?
the curve would shift to the right
What factor will cause the demand curve for labor to shift to the right?
It is something
What factors cause a shift to the right in the aggregate supply curve?
ask your mom!
When a producer makes more goods at every possible price?
The supply curve has shifted to the right
What would cause the aggregate demand curve to shift to the right?
The aggregate demand curve will shift to the right as the economy expands. When that happens, the quantity of output demanded for a given price level rises.
How will technological advances affected the production possibilities curve?
Let's briefly explore each one of these and see how they shift the curve. Probably what you hear about most in economics is how changes in technology affect the curve. For example, let's say the country discovers a new technology, such as a new computer system that improves productivity. Anything that improves the productivity of workers is good. This causes output to increase, so the production possibilities curve shifts outward, or to the right. On the other hand, let's say a major war causes destruction of capital equipment in the country. This would cause output to decrease, so in this case, the production possibilities curve shifts inward, or to the left.
