Question 13:08 LAS The figure to the right shows an economy's long-run aggregate supply (LAS) curve. Suppose this economy experiences significant discoveries of natural resources. Use the Line Drawing Tool to draw and label a new LAS curve that illustrates the effect of this event. The shift in the LAS curve indicates that the economy's potential output has 11:31 V6/20 Price level 16/21 13:09 Real GDP 12:18 12:35 11:26 x Selected: Delete Clear ? none Click the graph, choose a tool in the palette and follow the instructions to create your graph. C 在这里输入你要搜索的内容 V DIN

EYOA6G The Asker · Economics

Transcribed Image Text: 13:08 LAS The figure to the right shows an economy's long-run aggregate supply (LAS) curve. Suppose this economy experiences significant discoveries of natural resources. Use the Line Drawing Tool to draw and label a new LAS curve that illustrates the effect of this event. The shift in the LAS curve indicates that the economy's potential output has 11:31 V6/20 Price level 16/21 13:09 Real GDP 12:18 12:35 11:26 x Selected: Delete Clear ? none Click the graph, choose a tool in the palette and follow the instructions to create your graph. C 在这里输入你要搜索的内容 V DIN
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Transcribed Image Text: 13:08 LAS The figure to the right shows an economy's long-run aggregate supply (LAS) curve. Suppose this economy experiences significant discoveries of natural resources. Use the Line Drawing Tool to draw and label a new LAS curve that illustrates the effect of this event. The shift in the LAS curve indicates that the economy's potential output has 11:31 V6/20 Price level 16/21 13:09 Real GDP 12:18 12:35 11:26 x Selected: Delete Clear ? none Click the graph, choose a tool in the palette and follow the instructions to create your graph. C 在这里输入你要搜索的内容 V DIN
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WLE4DC

whenever economy discovers any new source of natural resource then the economy is generally more capable and efficient in producing the product and supply more quantity of goods at same price level.therefore the long run supply curve would shift rightward. the s ... See the full answer