Group items tagged

When countries form a free-trade deal, it allows the imports and exports between the countries to grow, because there are less trade restrictions such as tariffs. This means that, with import prices decreasing, aggregate supply in Canada will increase.

This article discusses the impact of business franchises in the US economy. The output and production of the franchises has been increasing and maturing as the economy gets better. This contributes to the national output, and the capacity for that output known as aggregate supply.  "The franchise industry is a unique business sector and a vitally important contributor to the U.S. economy spanning some 300 lines of business, supporting nearly 18 million jobs, 825,000 establishments and providing for over $2.1 trillion in economic output,"

Natural Disasters, Latest Natural Disaster News - Aggregate supply rises when weather conditions are stable and well, however the rate of bad weather, such as these fires which are destroying large chunks of land will cause the aggregate supply to decrease.

This article discusses whether or not it is a realistic or feasbale presumption to make that an aggregate supply curve can be vertical in the long run. The article discusses this is alot of detail and outline reasons why in fact the model may not work as it is yet to be truly tested.

This article concerns the fact that minimum wage for the UK will be raised by 11p; an increase of 1.8% from its current level. This change will affect aggregate supply in the short run (SRAS curve); as it will effectively increase the costs of production for all the firms in the industries of the economy. The result will be a shift to the left on the SRAS model.

India's booming GDP has been making it become a leading pioneer in economic development. However, while the demand side is soaring, the supply side is lagged behind. The production capacity is not enough to catch up with the expand in demand. However, while the trend could not slow down, India can neither create enough jobs nor fund an ambitious welfare state without faster economic growth.

Quote from article :"A large chunk of the industrial world has fallen into deep and long depressions characterised by persistent high unemployment". Basically the article talks about how unemployment impacts the AS and AD of an economy and its domino effects as well.

This article is about how the falling prices may not be good news for everyone. It may mean that jobs are harder to get when businesses don't want to employ more people. It may symbolise the fact that a recession is about to happen or is happening.