supply curve,inputs

21 the long-run aggregate-supply curve

unitary elastic supply curve

1: effects of a specific tax – shifting the supply curve sts

table 2 factors that shift the short-run aggregate supply curve

shift supply curve up (cont'd) tax adjustment needed to offset
- inputs
- money market
- economic growth
- factors of production
- money supply
- outputs
- total utility
- gold standard
- game theory
- lorenz curve
- market failure
- employed
- demand curve
- risk averse
- budget constraint
- renewable resources
- monetary base
- monetary policy
- fiscal policy
- social insurance
- national debt
- economic surplus
- limited liability
- economic rent
- aggregate demand
- legal tender
- free trade
- labor productivity
- mercantilism
- market equilibrium