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
Long-run Average Cost Curve 2 Short Run Cost Curves A product can be produced in different ways by using different combinations of the factors of production. For example, a product could be made using any given combination of the factors as shown in the ...
a1.If the long run average cost curve for some product exhibits continuous economies of scale, is it possible for there to be a competitive market in that product in the long run? 1.If历时长久的平均代价曲线为某一产品陈列连续的经济尺度,为了有一个竞争市场从长远看它是否是可能的在那个产品?
Long-run average total cost is the cost of production per unit of output under conditions in which all inputs are variable. The minimum point on the long-run average total cost curve defines theminimum efficient scalefor the firm. 企业的长期平均成本最小时的规模 Specialization efficiencies((劳动...
Why is the short run average cost curve U-shaped? Why does the short-run marginal cost curve fall and then rise? Why are both the short-run and the long-run average cost curves u-shaped? Why is the total cost curve positively sloped?
The long-run market supply curve in the presence of internal economies of scale is _, and in the presence of external economies of scale, it is _. A.downward sloping; downward slopingB.upward sloping; horizontalC.horizontal; upward slopingD.downward sloping; horizontalE.upward sloping; downward...
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...
This paper considers the proposition that the long run Phillips Curve is vertical except in special cases. It argues that this proposition cannot be sustained once the implications of the government budget constraint are considered. It is then a matter for government policy choice whether the long ...
LOC:CostsofproductionTOP:Total-costcurve MSC:Interpretive 20.Theaveragefixedcostcurveisconstant. ANS:FDIF:2REF:13-2NAT:Analytic LOC:CostsofproductionTOP:Averagefixedcost MSC:Interpretive 21.Intheshortrun,ifafirmproducesnothing,totalcostsarezero. ANS:FDIF:2REF:13-2NAT:Analytic LOC:CostsofproductionTO...
单项选择题A shift in the long-run Phillips curve represents a change in the: A. actual inflation rate. B. expected inflation rate. C. natural rate of unemployment. 点击查看答案&解析 延伸阅读