Long-Run Aggregate Supply Curve:The aggregate supply curve takes a different shape in the short run than in the long run. While short-run aggregate supply curve is upward sloping, the long-run aggregate supply curve is vertical.Answer and Explanation: ...
Aggregate Demand and Long-Run Aggregate Supply Because the LRAS is vertical, AD in the long run has no bearing on the level of output of real goods and services If there is a shift of AD in the long run, the only thing that changes is the ___ ? price level (inflation). Shift of...
单词long-run aggregate supply 释义 long-run aggregate supply Definition The total amount of goods and services produced by the national economy in a specific period of time. 英汉经管词典收录了27404条经济管理类英汉双解词条,基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语...
If a firm decides to shut down in the short run, what is the resulting loss? What are short-run and long-run adjustments? What are the firm's short-run profits? What moves the aggregate supply curve in the long run? What are the long term and short term benefits for intern...
a. is determined by the things that determine output in the classical model. 1. **选项a**:长期总供给曲线(LRAS)反映经济在长期中的潜在产出水平。在古典模型中,潜在产出由生产要素(如资本、劳动力、技术)和生产效率等实际因素决定,与价格水平无关。因此,选项a正确。2. **选项b**:长期总供给曲线对应的...
The long-run aggregate supply curve shifts right ifa. technology improves.b. the price level decreases.c. the price of oil increases.d. the money supply increases.a. technology improves.TYPE: M DIFFICULTY: 2 SECTION: 20.4 相关知识点: ...
athe long-run effects differ form the short-run effects of an increase in agregate demand because the long-run and the short-run aggregate supply curves differ. 因为历时长久和短期总供给曲线不同,历时长久的作用不同形式增量的短期作用在增长的需求的。[translate]...
Whereas the long-run equilibrium position in these models is stable and fiscal policy works regardless of empirical magnitudes when budget deficits are financed by printing money, the introduction of aggregate supply into these models is shown to render the stability of long-run equilibrium and hence...
Aggregate supply is the relationship between the price level and the amount of real GDP supplied. 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 ...
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...