On the far left side of the AS curve, the economy is producing potential, and on the far right of the curve, it is producing potential.

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14-06-2022
Business

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On the far left side of the AS curve, the economy is producing potential, and on the far right of the curve, it is producing potential.

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ewomazinoade ewomazinoade · Answer 1 · 2022-06-24T18:02:18+02:00

On the far left side of the AS curve, the economy is producing below potential, and on the far right of the curve, it is producing above potential.

What is the AS curve?

The aggregate supply curve is a curve that is used to show the total quantity of real GDP that is supplied in an economy at a particular time.

When the AS curve shifts to the left, it indicates that the economy is producing below its potential and when it shifts to the right, it means that the economy is producing above its potential.

To learn more about the AS curve, please check: https://brainly.com/question/27908290

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On the far left side of the AS curve, the economy is producing ________ potential, and on the far right of the curve, it is producing ________ potential.

Respuesta :

What is the AS curve?

Otras preguntas

On the far left side of the AS curve, the economy is producing potential, and on the far right of the curve, it is producing potential.