aggregate supply

Question 1

what causes SRAS changes

Answer 1

Primary consumption of a good oil 
VAT
Labour wage 
Raw materials food, paper, wood, steel 
Rent 
Cost of capital machinery 
Import tax 
Exchange rate

Question 2

what is regressive tax

Answer 2

lower income households to a greater extent

Question 3

what effects how much you can supply

Answer 3

Short: at least one fop of production is fixed - supply
Long run: all the factories if production are variable - supply

Land
Transportation- water system look at Dubai was oil sand

Labour:
Population - healthcare income immigration education - 12 - 15 years
Workforce
Hire people

Capital:
Machinery - china Germany us Africa

Question 4

What causes a shift in aggregate supply SRAS

Answer 4

Change in cost pf production 
Rent 
Oil 
Exchange 
Raw materials
Wages 
Cost of macheriy 
Transport cost 
Productivity of labour

Question 5

what is capital stock

Answer 5

quality and quanity