The intersection of the aggregate demand curve and aggregate supply curve gives the equilibrium in the economy. The equilibrium price level of the economy is determined by the intersection of both curves.Answer and Explanation: The sum of all the goods produced and sold by all the firms in ...
What is the importance of having a strong aggregate demand in United States economy? What are the potential limits of growth in the aggregate demand? What relationship does the short-run aggregate supply curve represent? What does aggregate mean in economics?
Long-run macroeconomics is the study of the aggregate demand and supply for a large number of various economic activities. The...
4。Of the following theories, which is consistent with a vertical long-run aggregate supply curve? a. the sticky-wage theory b. misperceptions theory c. both the sticky-wage and misperceptions theories. ___ 5。
What is one possible factor that will cause long-run aggregate supply to shift to the right? What effect does the rise in renewable energy have on falling oil prices? If the price of corn rose: a. what would be the effect on the supply of com...
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With this new functionality, you will be able to configure expressions in which the values of such arguments can be defined dynamically at run-time by using ER data sources. This allows customers to significantly reduce the effort needed to configure ER solutions when the necessary logi...
You can create CloudFront KeyValueStore resources in the CloudFront console or using the CloudFront API/CLI. As part of this launch, CloudFront is also introducing a new runtime for CloudFront Functions, called cloudfront-js-2.0, which is required to enable KeyValueStore. This new runtime ...
Over the long run, aggregate supply is not affected by the price level and is driven only by improvements in productivity and efficiency. Such improvements include increases in the level of skill and education among workers, technological advancements, and increases in capital. Certain economic viewpo...
is a deficiency ofaggregate demandwhere the economy will not self-correct and reaches a new equilibrium with higher unemployment, lower output, and slowergrowth rates. Under this theory, to combat recession, the government should aim to restore aggregate demand andfull employmentthrough policies that...