Explain how each of the following events would affect the short-run aggregate supply curve. An increase in the price level An increase in what the price level is expected to be in the future A price level that is currently higher than expected An unexpected increase in the price of an important raw material An increase in the labor force participation rate

Following are the affects of the above events on the SRAS curve

Explanation:

Increase in the price level will have no effect on the short-run supply curve, price level will only affect the long-run supply curve. Likewise, short-run supply curve will shift inwards due to the expected future price expectation.  A price level that is currently higher than expected will also shift the short-run supply curve inwards. Increase in the price of an important raw material will shift the supply curve inwards because there is a shift in one of the important raw material. An increase in the labor force participation will increase and shift the short-run supply curve rightwards.

these are the four factors that influence enterpreneurship development

1. economic development

2. culture

3.technological development

4. education

answer; institution;