Short run aggregate supply and long run aggregate supply

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Having led in along mobile adoption since the 1900s, South Korea is taking a pre-emptive action to develop a 5k network. the government of South Korea is spending $1.5 billion on upgrading the networks which is expected to be fully rolled out in 2020.

a) With the spending of $1.5 billion, how do you expect the aggregate demand to change in South Korea.

 

b) If the 5ag network can be successfully rolled out in 2020, will there be any changes in South Korea's short run aggregate supply and long run aggregate supply?

Reference no: EM131099872

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