Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson

Exercise 2

Indicate how each of the following would influence U.S. aggregate supply in the short run:
a. an increase in real wage rates
b. a severe freeze that destroys half the orange trees in Florida
c. an increase in the expected rate of inflation in the future
d. an increase in the world price of oil, a major import
e. abundant rainfall during the growing season in agricultural states