The short-run aggregate supply curve represents circumstances where Group of answer choices input prices are flexible,...
The short-run aggregate supply curve represents circumstances where
Group of answer choices
input prices are flexible, but output prices are fixed.
input prices are fixed, but output prices are flexible.
both input and output prices are flexible.
both input and output prices are fixed.
Homework Answers
Answer:- Option (D) " both input and output prices are fixed " is the correct answer.
The short-run aggregate supply curve represents circumstances where both input and output prices are fixed.
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The short-run aggregate supply curve represents circumstances
where
Group of answer choices
input prices are flexible,...
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...
7. Most economists believe that prices are: a) flexible in the short run but many are sticky in the long run. b) flexibl...
7. Most economists believe that prices are: a) flexible in the short run but many are sticky in the long run. b) flexible in the long run but many are stick in the short run. c) sticky in both the short and long runs. d) flexible in both the short and long runs. 8. If the short run aggregate supply curve is horizontal, then changes in aggregate demand affect: a) level of output but not prices. b) prices but not...
(Figure: Determining SRAS Shifts) If there is a decrease in input prices, the short-run aggregate supply...
(Figure: Determining SRAS Shifts) If there is a decrease in input prices, the short-run aggregate supply curve will shift from SRAS, to _____ and the price level will shift to SRASZ SRAS. SRAS, P2 Aggregate Price Level (P) РО PL AD 0 Q2 QO Q Aggregate Output (Q) SRAS1: P1 SRAS2: P2
6. Why the aggregate supply curve slopes upward in the short run In the short run,...
6. Why the aggregate supply curve slopes upward in the short run In the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. Several theories explain how this might happen. For example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. Consider a soybean farmer who expects a...
The long-run aggregate supply curve Group of answer choices is a graphical representation of the classical...
The long-run aggregate supply curve Group of answer choices is a graphical representation of the classical dichotomy. indicates monetary neutrality in the long run. is vertical All of the above are correct.
Please help with both questions The short-run aggregate supply curve is horizontal when Othere are unemployed...
Please help with both questions
The short-run aggregate supply curve is horizontal when Othere are unemployed resources and prices do not increase when aggregate demand increases. there are no unemployed resources and prices do not increase when aggregate demand or supply increases. prices are inflexible and the economy is at full employment. Othere are unemployed resources and prices do not decrease when aggregate supply increases. 0.5 points Save Answer QUESTION 6 A reduction in nominal wages will cause which of...
Why the aggregate supply curve slopes upward in the short run
Why the aggregate supply curve slopes upward in the short run In the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. Several theories explain how this might happen. For example, the sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. Suppose firms announce the prices for their products...
the short-run aggregate supply curve is most likely to shift down The short-run aggregate supply curve...
the short-run aggregate supply curve is most likely to shift
down
The short-run aggregate supply curve is most likely to shift down to the right) when actual output is: Multiple Choice not equal to potential output, regardless of whether it is above or below. greater than potential output equal to potential output. less than potential output
6. Why the aggregate supply curve slopes upward in the short run In the short run,...
6. Why the aggregate supply curve slopes upward in the short run In the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. Several theories explain how this might happen. For example, the sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. Suppose firms announce the prices...
The short-run aggregate supply curve shows the short-run relationship between the A. price level and quantity...
The short-run aggregate supply curve shows the short-run relationship between the A. price level and quantity supplied in one market. B. price level and total demand in the entire economy. C. price level and the willingness of firms to supply output to the economy. D. consumption level and the price level. Evidence about the behavior of prices in the economy suggests that changes in aggregate demand have a relatively （Large or small） effect on prices within a few quarters so...
(Figure: Determining SRAS Shifts) If there is a decrease in input prices, the short-run aggregate supply curve will shift from SRAS, to _____ and the price level will shift to SRASZ SRAS. SRAS, P2 Aggregate Price Level (P) РО PL AD 0 Q2 QO Q Aggregate Output (Q) SRAS1: P1 SRAS2: P2
Please help with both questions
The short-run aggregate supply curve is horizontal when Othere are unemployed resources and prices do not increase when aggregate demand increases. there are no unemployed resources and prices do not increase when aggregate demand or supply increases. prices are inflexible and the economy is at full employment. Othere are unemployed resources and prices do not decrease when aggregate supply increases. 0.5 points Save Answer QUESTION 6 A reduction in nominal wages will cause which of...
the short-run aggregate supply curve is most likely to shift
down
The short-run aggregate supply curve is most likely to shift down to the right) when actual output is: Multiple Choice not equal to potential output, regardless of whether it is above or below. greater than potential output equal to potential output. less than potential output
6. Why the aggregate supply curve slopes upward in the short run In the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. Several theories explain how this might happen. For example, the sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. Suppose firms announce the prices...
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