A change in which of the following would shift the short-run aggregate-supply curve but not the long-run

Question:

A change in which of the following would shift the short-run aggregate-supply curve but not the long-run aggregate-supply curve?

a. the labor force

b. the capital stock

c. the state of technology

d. the expected price level

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Essentials Of Economics

ISBN: 9780357723166

10th Edition

Authors: N. Gregory Mankiw

See More Books

Question Posted: Feb 26, 2024 03:01 AM

See More Questions

1. In the classical model, it is thought that the long-run: A. and short-run aggregate supply curves are both upward sloping. B. aggregate supply curve is vertical and the short-run aggregate supply...
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
Multiple Choice Questions: 1. In the short run, a decrease in the price level? a. Increases output prices relative to input prices. b. Increases the profit margins of many producers. c. Decreases...
When developing a survey instrument for a cross-country study, market researchers often need to construct a scale (e. g., a 7-point disagree/agree scale). What are the major items that one should be...
The intensity level of sound, I, is given by I / I0 = 10L/10 where L is the decibel reading and I0 is the standard threshold of audibility. If I / I0 = y, at what rate is y changing with respect to L...
The total periodic pension cost is closest to: A. 320. B. 1,020. C. 1,320. XYZ SA, a hypothetical company, offers its employees a defined benefit pension plan. Information on XYZs retirement plans is...
If $X_{t} \sim N(0, t)$, calculate the distribution of $\left|X_{t} ight|$. Calculate $\mathbf{E}\left|X_{t} ight|$ and $V\left(\left|X_{t} ight| ight)$.
The McCoy Family raises cattle on their farm in Virginia. They also have a large garden in which they grow ingredients for making two types of relishchow-chow and tomato. These they sell in 16-ounce...
Please show me the Calculation step by step. Thank you Financial Analysis : Facts: $1 US = $1.40 CDN One truckload / container = 1940 cases One truckload / container = 25 standard pallets One pallet...
A sudden increase in business pessimism shifts the aggregate-________ curve, leading to ________ output. a. supply; lower b. supply; higher c. demand; lower d. demand; higher
One reason the short-run aggregate-supply curve slopes upward is that a higher price level a. raises nominal wages if real wages are sticky. b. reduces nominal wages if real wages are sticky. c....
Johnson and Johnson is expanding its first-aid products line for individuals allergic to latex. The research team comprised of doctors, engineers, and chemists has proposed the four projects...
Twelve people serve on a board and are considering three alternatives: A, B, and C. Here are the choices followed by vote: Determine the winner, if any, using the voting methods in Problems 39-44....
In Problems 55-59, consider the following situation. A political party holds a national convention with 1,100 delegates. At the convention, five persons (which we will call \(\mathrm{A}, \mathrm{B},...
An after-shave lotion is $50 \%$ alcohol. If you have 6 fluid ounces of the lotion, how much water must be added to reduce the mixture to $20 \%$ alcohol?
Consider the following apportionment problem: If there are to be 475 representatives, use the apportionment plan requested in Problems 56-60. Adams' plan North: Northeast: East: Southeast: South:...
In Problems 54-56, suppose the annual salaries of three people are Suppose the salary increase is to be $6 \%$ with a cap of $\$ 111,000$. What are the salaries if they are rounded to an even...
Refer to the trial balance in Problem 3-13B and to the analysis of the change in owners equity in Problem 3-14B. REQUIRED 1. Prepare an income statement for Jantz Plumbing Service for the month ended...
An investor sells a European call on a share for $4. The stock price is $47 and the strike price is $50. Under what circumstances does the investor make a profit? Under what circumstances will the...
Give two examples of price discrimination. In each case, explain why the monopolist chooses to follow this business strategy.
What gives the government the power to regulate mergers between firms? From the standpoint of the welfare of society, give a good reason and a bad reason that two firms might want to merge.
Describe the two problems that arise when regulators tell a natural monopoly that it must set a price equal to marginal cost.
What type of employee recruitment questions are inappropriate or illegal, and why? Give a couple examples and explain.
What are some of the activities that can take place during each quarter when establishing a Needs Assessment ?
Assuming complete combustion with oxygen, O2 , study the combustion of methane, CH4 , initially at 298.15 K and 1 atm. (a) Write the stoichiometric chemical reaction. Assume any H2O produced remains...

A change in which of the following would shift the short-run aggregate-supply curve but not the long-run

Question:

Step by Step Answer:

d the expected price level A change in the expected price ...View the full answer

Essentials Of Economics

Students also viewed these Business questions