In economics, it's extremely important to understand the distinction between the short run and the long run. As it turns out, the definition of these terms depends on whether they are being used in amicroeconomicor macroeconomic context. There are even different ways of thinking about themicroec...
The short-run is defined as ___. In a short sale of a home ___. A model is ___. Based on the given information, we see that ___. Who cares more about short-run models: Classicals or Keynesians? Why? The assumption of a fixed number of firms is appropriate for analysis of: ...
书名:How economics explains the world: A short history of humanity 作者: Andrew Leigh 好几个媒体都在推荐这本英文书。一个诺贝尔经济学奖获得者甚至说,这是你2024年必须读的一本书。于是我买来看了一下,发现它是一本经济学科普书。经济学人可以复习一下经济历史以及一些主要的经济学概念。非经济学人也可...
20.Theaveragefixedcostcurveisconstant. ANS:FDIF:2REF:13-2NAT:Analytic LOC:CostsofproductionTOP:Averagefixedcost MSC:Interpretive 21.Intheshortrun,ifafirmproducesnothing,totalcostsarezero. ANS:FDIF:2REF:13-2NAT:Analytic LOC:CostsofproductionTOP:Totalcosts|Fixedcosts MSC:Interpretive 22.Ifafirmproduce...
14. The aggregate supply curve is positively sloped in the short run because of: c. output prices generally rising more quickly than input prices. 15. In a macroeconomic model of the economy, which of the following is most likely tobe considered as anexogenous variable?b. Domestic exports. ...
Teaching the Short-Run Aggregate Supply Curve in Introductory Economicsdoi:10.2139/ssrn.925576Consistency in the development and presentation of the aggregate demand-aggregate supply model in introductory economics is crucial. Logical consistency requireSocial Science Electronic Publishing...
Based on the above analysis, we may admit that the Whole-Nation System is necessary because it works well in the short run as emergency relief, especially in the absence of a catastrophe insurance market. In addition, the government continues this system because it helps the government gain sup...
Recognising Turning Points Pays Off It is very hard to identify Financial markets consistently mistake these short-term deviations for changes in the long run trend rate of growth. As a result, assets become mispriced at the changes in the long run trend extremes of the cycle, just when ...
8.In the short run a firm shouldnever shut down.( ) 9.If an industry becomes unionized, wages in that industry tend to rise, while employment in that industry tends to fall.( ) 10.FOMC policy decisions have an important influence on the economy’srate of inflation and level of employment...
In considering such transformations it is always necessary to distinguish between the material transformation of the economic conditions of production, which can be determined with the precision of natural science, and the legal, political, religious, artistic or philosophic, in short, ideological, ...