What determines the rate of inflation when the economy is in long-run equilibrium? What is meant by inflation tax and inflation premium? What is the difference between the price level and the rate of inflation? Explain the reason for a stable inflation rate is better than a fluctuating inflati...
In this context, equilibrium is referred to the price and quantity at which the consumers are willing to buy and producers are willing to sell. Any movement from that point will create disequilibrium. Answer and Explanation: 1. A...
The standard of living involves the economic and social wellbeing of the people in the country. This includes material and non-material standards of living. Answer and Explanation:1 The Standard of living is a term used by economists to describe the level of wealth and material well being avai...
On the surface, this line of questioning may appear to be basic. Yet, under that simplicity lies a concept with so many dimensions. The formula comes with three distinct variables that should result in equilibrium when applied evenly. Asindividuals, it shapes our attitude toward our work, capac...
Long-Run Economic Growth and the AD-AS Model It is vertical because a long run change in aggregate price level has no effect on quantity supplied Real GDP is almost always above or below potential output (LRAS) Economic growth over time can be shown by a rightward shift in the LRAS cur...
aA gene contributing to human growth has previously been tentatively mapped to the long arm of the Y chromosome. In the present study, recently developed sequence-tagged site markers covering the entire Y chromosome were used to define deletion breakpoints in 15 males with partial deletions of Yq...
Note that the graph assumes that you,like most people,eat a random number of calories per day. Some days you are "good" and eat less,and some days you are "bad" and eat more,but the assumption is that it averages out to 2,000 calories per day over the long run. This graph shows...
Introduction Mammalian spermatogenesis is a highly coordinated, dynamic process of cell differentiation with three distinc phases: mitois, meiosis, and spermiogenesis. Life-long testicular spermatogenesis depends on the presence of spermatogonial stem cells (SSCs) as well as their amplification and transitio...
At the same time, given the size of the kernel, long beaches with a small curvature were necessary to achieve good results. This may be a limiting factor when working near the gaps in L7 images [41]. Moreover, changes in the DN on the land zone produced small displacements in the ...
Keynes tried to show that market economies could settle in equilibrium states in which the labour market did not clear, and in which the level of unemployment was high. He believed that this was due to a particular example of market failure, developed in his concept of effective demand. —Pa...