For each of the three theories for the upward slope of the short-run aggregate-supply curve,…

For each of the three theories for the upward slope of the short-run aggregate-supply curve,…
 For each of the three theories for the upward slope of the short-run aggregate-supply curve, carefully explain the following: a Option. how the economy recovers from a recession and returns to its long-run equilibrium without any policy intervention Option. b Option. what determines the speed of that recovery Option. The economy begins in long-run equilibrium Option. Then one day, the president appoints a new Fed chair Option. This new chair is well known for her view that inflation is not a major problem for an economy Option. a Option. How would this news affect the price level that people expect to prevail? Solve b Option. How would this change in the expected price level affect the nominal wage that workers and firms agree to in their new labor contracts? Solve c Option. How would this change in the nominal wage affect the profitability of producing goods and services at any give price level? Solve d Option. How would this change in profitability affect the short-run aggregate-supply curve? Solve e Option. If aggregate demand is held constant, how would this shift in the aggregate-supply curve affect the price level and the quantity of output produced? Solve f Option. Do you think appointing this Fed chair was a good decision? Solve May 17 2022 08:02 PM

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