micro economics help please (1 Viewer)

[tripo]

what effect dose microeconomic reform have on agrregate supply??

 

[random-1006]

what effect dose microeconomic reform have on agrregate supply??

Micro ----> increases the productivity of product and factor markets, more goods/services can be produced and AS increases

 

[Tirole]

microeconomic reform?

Can you be more specific?

 

[tripo]

Micro ----> increases the productivity of product and factor markets, more goods/services can be produced and AS increases

so micro economic reform, increases the aggregate supply in the econommy and results in output at lower prices?? is that right

 

[tripo]

what effect dose microeconomic reform have on agrregate supply??

because of the factors of production being cheaper pushhing down prices??

 

[random-1006]

so micro economic reform, increases the aggregate supply in the econommy and results in output at lower prices?? is that right

pretty sure thats correct

 

[tripo]

thanks