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...
If the long-run aggregate supply curve is vertical, then changes in aggregate demand affect:A)neither prices nor level of output.B)both prices and level of output.C)level of output but not prices.D)prices but not level of output. 相关知识点: 试题来源: 解析 D 当长期总供给曲线(LRAS...
Long-run aggregate supply is least likely to be affected by changes in the:[单选题]A.the stock of physic capital.B.the supply of natural resources.C.the wage rate of labor. 相关知识点: 试题来源: 解析C长期总供给(LRAS)由经济体的潜在产出决定,主要受生产要素和技术水平的影响:...
Why do short-run aggregate supply curves slope upward? Why does the short-run aggregate supply (SRAS) curve slope upward to the right? Explain why the Aggregate Supply Curve becomes vertical in the Long Run. Give an example. Why does the slope of the aggregate supply curve change from the...
One way to structurally interpret the model is by assuming aggregate demand has no long-run output effect. However, many economic theories are inconsistent with that assumption. Instead, we reinterpret the statistical model assuming a positive shock to aggregate supply lowers the price level and in...
(2003) "Supply and demand in the theory of long-run growth: introduction to a symposium on demand-led growth," Review of Political Economy, 15, 23-32Setterfield, Mark (2003). "Supply and Demand in the Theory of Long-run Growth: introduction to a symposium on demand-led growth", Review...
Long-run aggregate supply is least likely to be affected by changes in the:[单选题] A. the stock of physic capital. B. the supply of natural resources. C. the wage rate of labor. 相关知识点: 试题来源: 解析 C 正确答案:C 答案解析:长期总供给主要受到劳动力的供给和质量、自然资源的供给...
an event that shifts both short run and long run aggregate supply curves Candela Citations CC licensed content, Shared previously Shifts in Aggregate Supply.Authored by: OpenStax College.Provided by: Rice University.Located at:https://cnx.org/contents/vEmOH-_p@4.44:7tnNrXNY/Shifts-in-Aggregate...
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...
In the short-run GDP equilibrium and price level are determined by the intersection of the AD and the SRAS curves. In the long-run the potential GDP gives the equilibrium level of GDP as indicated by the vertical LRAS curve, and only the price level determined by the intersection of the ...