Explain why the long-run aggregate-supply curve is vertical. Explain three theories for why the short-run aggregate-supply curve
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 44% (9 reviews)
The longrun aggregatesupply curve is vertical because the price level does not affect the longrun de...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Explain why the short-run aggregate supply curve is upward sloping. Under what circumstances might it be vertical?
-
Explain why the long-run aggregate supply curve is vertical.
-
1. The long-run aggregate supply curve is _____ (vertical/horizontal). 2. A decrease in material costs will shift the short-run aggregate supply _____. 3. Using the long-run aggregate supply curve, a...
-
1. The following are selected accounts taken from the adjusted trial balances of the Purell Merchandise company on December 31, 2021: Inventory, January 1, 2021 Selling expenses Loss on sale of...
-
Expand across the first row to derive the formula for the determinant of a 2 2 matrix.
-
A and B form the AB equal general partnership. A contributes \($50,000\) cash and a parcel of land with a fair market value of \($50,000\) and an adjusted basis of \($20,000,\) while B contributes...
-
What are the five steps in the technology scanning process?
-
A physical inventory of Liverpool Company taken at December 31 reveals the following. Required 1. Calculate the lower of cost or market for the inventory applied separately to each item. 2. If the...
-
Parent Ltd acquires all the issued capital of Subsidiary Ltd for a cash payment of $450,000 on 30 June 2019. As per the statements of financial position, the subsidiary Ltd's shareholders' equity...
-
I hope this goes better than last time, thought Craig Rooney as he thought about having to walk into the city councils chambers next week. Craig is the assistant chief of police in Newport, VA, and,...
-
Explain the three reasons the aggregate-demand curve slopes downward give an example of an event that would shift the aggregate-demand curve. Which way would this event shift the curve?
-
Suppose that the election of a popular presidential candidate suddenly increases peoples confidence in the future. Use the model of aggregate demand and aggregate supply to analyze the effect on the...
-
Assume that today is December 31, 2018, and that the following information applies to Abner Airlines: After-tax operating income [EBIT(1 T)] for 2019 is expected to be $400 million. The...
-
= Question 4 Water flows vertically and at a constant rate in a pipe of length L, as shown in Figure 4. The pipe consists of a circular outer pipe of radius R and a central rod of radius R/4. The...
-
1. 30 in Figure. Calculate the force created by the water flowing from the elbow on the elbow. In order to take into account the weight of the water in the elbow, the volume of water in the elbow is...
-
A satellite is a highly unstable system that has rotational motion. Figure 4 shows a nutation damper system implemented on a satellite where the aim of the nutation damper is to reduce the rotation...
-
Question 2 A long municipal discharge pipe can be modelled as a source of strength m. The pipe is placed at a distance b from the bottom of a deep containment tank as shown in Figure 2. The city...
-
Jetson Valves Ltd. (JVL) is engaged in manufacturing small-sized valves used in a variety of industrial applications. The company is located in Ahmedabad and is one of the leading suppliers of these...
-
Which of the following is the most effective email subject line? a. Production line: wiring issues b. Proposal to eliminate wiring errors in production c. Wiring errors on the production line MUST...
-
Assume today is the 21st of February. Using the information below, FT Extract, answer the following questions (parts i and ii). You work for a US company that is due to receive 250 million in June...
-
Explain the in-degree and out-degree of a node with examples.
-
Give three reasons why life expectancy has been increasing over time.
-
Describe the three sets of rules that are necessary in a healthcare market with an insurer.
-
Give two examples of externalities in the healthcare system.
-
You create a new project roadmap that is visually appealing and contains all the information for the stakeholders to reference. However, this document took a lot of time to create and has caused some...
-
1) What are the benefits of a long-term perspective on value creation? For companies? For the economy? 2) What is the relationship between the stock market and the real economy in terms of measures...
-
1) Consider the general form of the parent power function f(x)=x" to the transformed function g(x)=alk(x-d)]" + c, where n E N and x E R. a) Write the general mapping rule from f(x) to g(x). [C-2] b)...
Study smarter with the SolutionInn App