The aggregate supply is broken down into the short-run aggregate supply and long-run aggregate supply.Answer and Explanation: In the long-run, it is assumed that the economy converges to full employment, which is the level of employment attained when the unemployment rate is...Bec...
The long-run aggregate supply curve shows that by itself a permanent change in aggregate demand would lead to a long-run change A、in the price level and output. B、in the price level, but not output. C、in output, but not the price level. D、in neither
aGrowth and the Production Possibility Frontier 成长和生产可能性边境[translate] a怎么使你感到快乐? How makes you to feel joyful?[translate] aAn increase in long run aggregate supply is illustrated by an outward shift in the PPF. 在历时长久的总供给的增量是由一个向外转移说明的在PPF。[translate...
Why might the price elasticity of supply be different in the long run than a short run? Explain why, in the long run, the short-run aggregate supply curve will shift. Why does this return to long-run equilibrium? Why short run aggregate supply is upward sloping?
Reading 14. Aggregate output, prices and economic growth 14a. Calculate and explain GDP using expenditure and income approaches. GDP is the total market value of goods and services produced in a country within a certain time period. -most widely used measure of the size of a nation's economy...
This convergence process is mediated by the effects of changes in prices and wages on both aggregate demand and aggregate supply. The long-run issues are analyzed in the last two chapters of Macroeconomics after Keynes. The argument in these chapters is intriguing but perhaps it is also fair ...
Over time in a growing economy, the long-run aggregate supply curve willA.become horizontal at the long-run potential price level.B.shift rightward.C.shift leftward.D.become increasingly steep.的答案是什么.用刷刷题APP,拍照搜索答疑.刷刷题(shuashuati.com)
16、is Determined in the Short Run The short run output level is determined by the equality of aggregate supply and demand In the short run q, T, I, and G are fixed Output adjusts to make sure Y=DGNP identity: Y=C+I+G+CA include undesired inventory accumulated by firmsEquilibrium con...
In the long run, expected inflation adjusts to changes in actual inflation, and the short-run Phillips curve shifts. As a result, the long-run Phillips curve is vertical at the natural rate of unemployment. The short-run Phillips curve also shifts because of shocks to aggregate supply. An ...
In the aggregate supply-aggregate demand model, raising the federal funds rate initiallyA.increases aggregate demand.B.decreases aggregate demand.C.increases long-run aggregate supply.D.decreases long-run aggregate supply.的答案是什么.用刷刷题APP,拍照搜