Is sustainable long-run equilibrium always reached when the AD and SAS curves intersect? Why or why not?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
No The economy is in shortrun equilibrium when the AD and SAS curves inters...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Minimum Wage Labor Subsidy (contd): In exercise 13.10, we investigated the firms decisions in the presence of a government subsidy for hiring minimum wage workers. Implicitly, we assumed that the...
-
Sketch an AD-AS diagram depicting an economy in short run equilibrium. Discuss how the economy reaches long-run equilibrium. Discuss how the economy reaches long run equilibrium over a period of time...
-
Pollution that increases firm costs the Market Outcome: In the text, we assumed for convenience that the ill effects of pollution are felt by people other than producers and consumers. Consider...
-
7 8 0 The following data is provided for the Piedmont Corporation. All costs are actual costs. Complete the cost flows diagram attached to this problem and calculate CGM and CGS. Prepare journal...
-
On the statement of financial position, the net fixed assets (NFA) account is equal to the gross fixed assets (FA) account, which records the acquisition cost of fixed assets, minus the accumulated...
-
Describe and differentiate thermoplastic and thermosetting plastics.
-
A stream of atmospheric air is used to keep a ping-pong ball aloft by blowing the air upward over the ball. The ping-pong ball has a mass of \(2.5 \mathrm{~g}\) and a diameter \(D_{1}=3.8...
-
Beaty Company has the following internal control procedures over cash receipts. Identify the internal control principle that is applicable to each procedure. (a) All over-the-counter receipts are...
-
What are the consequences of a poor person-job fit? What are the consequences of a poor person-organization fit? What are the benefits of hiring the right people for the right job and what are the...
-
The neural structure of the sea slug Aplysia has been widely studied (first by Nobel Laureate Eric Kandel) because it has only about 20,000 neurons, most of them large and easily manipulated....
-
Predict, with the aid of the IS-LM and the SAS-AD models, the short-run and long-run results of each of the following: (a) A decrease in the nominal money supply (b) An increase in net exports that...
-
According to the view of the classical economists, there should have been a movement down the AD curve during the 1930s. Explain why this type of movement would require a shifting SAS curve. Did the...
-
Construct a frequency histogram for the data. Consider the data in the frequency table, and use these data. Score Frequency 1.............................4 2.............................6...
-
The graph in Figure P1.35 shows a relationship between two quantities: position \(x\), measured in meters, and time \(t\), measured in seconds. Describe the relationship using (a) a verbal expression...
-
Consider the following distributed lag model relating the percentage growth in private investment (INVGWTH) to the federal funds rate of interest (FFRATE). a. Suppose \(F F R A T E=1 \%\) for...
-
Is the equation for the area of a trapezoid, A = 1/2[a(b1 + b2)], where a is the height and b1 and b2 are the bases, dimensionally correct ( Figure 1.13)? -b- -b- FIGURE 1.13 The area of a trapezoid...
-
Choose a country from three of the regions presented in Table 6.7. Using the Internet, collect as much information as you believe is needed to identify the potential for market segments based on age,...
-
Demonstrate that the shift operators \(\tilde{A}_{i j}\) obey the commutation relations (10.8). Data from Eq. 10.8 [j, kl] = 8jk 8kj
-
The points (-12, 6), (0, 8), and (8,-4) lie on the graph of y = f(x). Determine three points that lie on the graph of y = g(x). (x) ft-=(x)
-
An environmentalist wants to determine if the median amount of potassium (mg/L) in rainwater in Lincoln County, Nebraska, is different from that in the rainwater in Clarendon County, South Carolina....
-
The European Climate exchange is a market for the CO2 allowances issued to European Union (EU) countries under the EU cap-and-trade system. The equilibrium price of an allowance is determined by the...
-
1. A pollution tax on automobiles provides an incentive to buy _______, maintain _______, drive _______, and use alternative _______. 2. Arrows up or down: A gasoline tax will shift the supply curve...
-
Methane is one of the greenhouse gases that contribute to global warming. It is released into the atmosphere from landfills, natural gas systems, coal mining, and livestock management. In this case,...
-
How would Stephanies investing decisions be affected if she were 35 years old? If she were 50 years old? Amount of Insurance Needed. Considering the information in the previous problem, how much life...
-
Jamie Lee and Ross have been hearing many stories recently about acquaintances who are passing away without leaving a will, which made Jamie Lee and Ross anxious to review their estate plan with an...
-
What are the companys top risks, how severe is their impact and how likely are they to occur?
Study smarter with the SolutionInn App