The long-run aggregate supply curve represents the level of domestic output that companies will produce at each price level. “Long run” is defined as the time required for wages, prices, and expectations to adjust but not long enough for physical capital to become a variable input: Capital ...
A decline in productivity increases labor costs, decreases profitability and results in lower output at each output price level—a leftward shift in both the short-run and long-run aggregate supply curves.【释义】生产力衡量的是劳动的效率,是工人在一定时期内产生的产出量。 生产力下降意味着效率下降...
刷刷题APP(shuashuati.com)是专业的大学生刷题搜题拍题答疑工具,刷刷题提供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 increasin
The best reason for the shape of the long run aggregate supply curve is thatA. the productive capacity of an economy is fixed. B. there is no long term unemployment. C. the firms are assumed to be operating in a purely competitive environment. D. it accounts for the ability ...
New classical economists: economists who think h e long-run aggregate supply curve shows the relationship that the LRAS curve is vertical and that the economy will between real GDP and changes in the price level when move towards full employment without government there has been time for input ...
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...
(A) Peru has a comparative advantage in (C) The long-run aggregate supply curve is producing wheat. upward-sloping. (B) Peru has an absolute advantage in producing (D) Expected inflation exceeds actual inflation. wheat. (E) The unemployment rate falls with higher (C) Brazil has an ...
Answer to: True or false? The long-run supply curve in a perfectly competitive market is perfectly elastic because of free entry and exit of firms...
507、Long-run aggregate supply schedule 长期总供给表 供给表,反映所有价格和工资进行调整以后的产出与价格水平之间的关系。在此,总供给曲线是垂直的。 508、Lorenz curve 洛伦茨曲线 一个用来显示收人或财富不平等的程度的几何图形。 509、Lowest sustainable rate of unemployment(or LSUR) 最低可持续失业率 指...
neither firm has an incentive to change output, given the other firm's production level. 假设一方企业的产量已知且保持不变,另一方以自己的产量去消极地适应对方的产量➜ In long-run equilibrium, output and price are stable: There is no change in price or output that will increase profits for ...