The level of long-run aggregate supply is not affected by changes in: technology the capital stock....
The level of long-run aggregate supply is not affected by changes in:
|
technology |
||
|
the capital stock. |
||
|
the price level. |
||
|
the size of the labour force. |
Homework Answers
The price level.
Explanation: Price level affects aggregate supply In the short-run only. In the long run, aggregate supply is affected technology, capital stock, labor-supply etc.
Add Answer to:
The level of long-run aggregate supply is not affected
by changes in:
technology
the capital stock....
Describe the short-run aggregate supply (SRAS) curve and the long-run aggregate supply (LRAS) curve. A. the...
Describe the short-run aggregate supply (SRAS) curve and the long-run aggregate supply (LRAS) curve. A. the SRAS curve is horizontal and the LRAS curve is upward sloping B. the SRAS curve is horizontal and the LRAS curve is vertical C. the SRAS curve is vertical and the LRAS curve is horizontal D. the SRAS curve is vertical and the LRAS curve is upward sloping Why is the short-run aggregate supply curve horizontal? A. because output is fixed in the short...
QUESTION 25 Which of the following best describes the long run in terms of aggregate supply?...
QUESTION 25 Which of the following best describes the long run in terms of aggregate supply? a. The long-run aggregate supply curve is horizontal. b. The long-run aggregate supply slopes upwards, but is NOT vertical. c. The long-run aggregate supply slopes downwards. d. The long-run aggregate supply curve is vertical. Question 39 Which of the following best characterizes market equilibrium? a. when there is no incentive for consumers or producers to change their current behaviour b. when producers earn profits...
The long-run equilibrium level of output is determined by (changes in the price level, consumer demand,...
The long-run equilibrium level
of output is determined by (changes in the price level,
consumer demand, capital, labor, and technology);
Therefore it will (increase to a new equilibrium, remain at
the full-employment level, decrease to a new equilibrium)
if the aggregate demand curve shifts to the right.
5. The long-run aggregate supply curve Aa Aa Suppose the hypothetical economy of Larryopia produces real GDP of $40 billion when unemployment is at its natural rate. Use the purple line (diamond symbols)...
Which of the following would cause the long-run aggregate supply curve to shift to the right?
Which of the following would cause the long-run aggregate supply curve to shift to the right? (Choose all that apply) an increase in the size of the labor force a decrease in nominal wages an improvement in technology an increase in the supply of capital goods
The position of the Long Run Aggregate Supply (LRAS) is determined by: (a) the level of money wages. (b) the curren...
The position of the Long Run Aggregate Supply (LRAS) is determined by: (a) the level of money wages. (b) the current price level. (c) the level of aggregate demand in the goods market. (d) equilibrium in the labour market. (e) the stance of fiscal policy. The correct answer is (d) please explain the reason.
QUESTION 36 Which of the following would cause the long-run aggregate supply curve to shift to...
QUESTION 36 Which of the following would cause the long-run aggregate supply curve to shift to the right? (Choose all that apply). an improvement in technology an increase in the supply of capital goods an increase in the size of the labor force a decrease in nominal wages
Which of the following factors will influence the position of the long-run aggregate supply curve? Check all that apply
5. The slope and position of the long-run aggregate supply curve Which of the following factors will influence the position of the long-run aggregate supply curve? Check all that apply The price level The quantity of physical capital The amount of available natural resources The size of the labor force Suppose the economy produces real GDP of $30 bwwion when unemployment is at its natural rate. On the following graph, use the purple line (diamond symbol) to plot the economy's long-run aggregate supply (LRAS) curve. Suppose the...
1. In addition to the price level, what does the aggregate demand and aggregate supply model...
1. In addition to the price level,
what does the aggregate demand and aggregate supply model focus
on?
a. real
GDP
b.
nominal GDP
c.
the real interest rate
d. stock
prices
2. Which statement best characterizes the long-run
aggregate-supply curve?
a. It is
horizontal.
b. It
shows a positive relationship between price level and output.
c.
It demonstrates the importance of money in the economy....
Long run aggregate supply is the relationship between the quantity of real GDP supplied and the...
Long run aggregate supply is the relationship between the quantity of real GDP supplied and the price level when the maintain full employment changes in step with the price level to O A. money wage rate OB. quantity of money OC. real wage rate OD. interest rate supplied and the when the money wage rate, the prices of other resources and Short run aggregate supply is the relationship between the quantity of potential GDP remain constant O A real GDP...
8. The long run aggregate supply curve is a vertical line. It is so because it...
8. The long run aggregate supply curve is a vertical line. It is so because it has nothing to do with the price level. It is rather determined by availability of economic resources and technology. How will the followings shift the long run aggregate supply (LRAS) curve? to the right to the left? a climate change permanently reduces the amount of land that can be farmed. b. immigration increases the available supply of labor. c. ageing population takes workers out...
The long-run equilibrium level
of output is determined by (changes in the price level,
consumer demand, capital, labor, and technology);
Therefore it will (increase to a new equilibrium, remain at
the full-employment level, decrease to a new equilibrium)
if the aggregate demand curve shifts to the right.
5. The long-run aggregate supply curve Aa Aa Suppose the hypothetical economy of Larryopia produces real GDP of $40 billion when unemployment is at its natural rate. Use the purple line (diamond symbols)...
The position of the Long Run Aggregate Supply (LRAS) is determined by: (a) the level of money wages. (b) the current price level. (c) the level of aggregate demand in the goods market. (d) equilibrium in the labour market. (e) the stance of fiscal policy. The correct answer is (d) please explain the reason.
QUESTION 36 Which of the following would cause the long-run aggregate supply curve to shift to the right? (Choose all that apply). an improvement in technology an increase in the supply of capital goods an increase in the size of the labor force a decrease in nominal wages
1. In addition to the price level,
what does the aggregate demand and aggregate supply model focus
on?
a. real
GDP
b.
nominal GDP
c.
the real interest rate
d. stock
prices
2. Which statement best characterizes the long-run
aggregate-supply curve?
a. It is
horizontal.
b. It
shows a positive relationship between price level and output.
c.
It demonstrates the importance of money in the economy....
Long run aggregate supply is the relationship between the quantity of real GDP supplied and the price level when the maintain full employment changes in step with the price level to O A. money wage rate OB. quantity of money OC. real wage rate OD. interest rate supplied and the when the money wage rate, the prices of other resources and Short run aggregate supply is the relationship between the quantity of potential GDP remain constant O A real GDP...
8. The long run aggregate supply curve is a vertical line. It is so because it has nothing to do with the price level. It is rather determined by availability of economic resources and technology. How will the followings shift the long run aggregate supply (LRAS) curve? to the right to the left? a climate change permanently reduces the amount of land that can be farmed. b. immigration increases the available supply of labor. c. ageing population takes workers out...
Most questions answered within 3 hours.
-
What are the negative effects of abruptly stopping the use of
all fossil fuels? Give at...
asked 59 seconds from now -
Given that many conflict are the result of different parties having
different interests, is it possible...
asked 3 minutes ago -
A 750 g block can slide uniformly along the horizontal track
when a string attached to...
asked 6 minutes ago -
In 2017, Juan entered into a contract to write a book. The
publisher advanced Juan $50,000,...
asked 20 minutes ago -
Determine the number of kinds of protons in each molecule (w/
respect to NMR spectroscopy). Drawing...
asked 30 minutes ago -
A jeweler whose near point is 68 cm from his eye uses a
magnifying glass as...
asked 28 minutes ago -
A company wants to determine how many units of each of two
products, A and B,...
asked 32 minutes ago -
The blood pressure of a person changes throughout the day.
Suppose the systolic blood pressure of...
asked 41 minutes ago -
A chemistry student desired to study sulfur. Sulfur exhibited
the following characteristics with oxygen:
(a) It...
asked 37 minutes ago -
An Atwood machine is constructed of a solid-disk frictionless
pulley of mass m3 and radius R....
asked 39 minutes ago -
what are the advantages of lanthanum hexaboride over tungsten
filament for electron emission
what is the...
asked 40 minutes ago -
Question 5
Your uncle offers to sell you his vintage Rolls Royce. He
suggests a payment...
asked 45 minutes ago