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On a piece of graph paper draw a set of axes, such as those in the figure above, but do not draw the supply curves shown there. Instead, draw a long-run aggregate supply curve based on the assumption that the natural level of real output is $3,000 billion. What is the slope of the curve? At what point does it intersect the horizontal axis? Next draw a short-run aggregate supply curve based on the assumption that the expected level of inpout prices is 1.5. Where does this short-run aggregate supply curve intersect the long-run aggregate supply curve that you drew?
Just need an explanation of what it woudl look like?
Which of the subsequent is a Keynesian conclusion about how adjustments occur in a recessionary gap?
Elucidate what other evidence could a manager look for to infer whether a market is in equilibrium. What are possible causes of the shortage.
With the decrease in demand for bridge and tunnel crossings, what is the optimal way to adjust tolls: raise tolls, lower tolls, or leave unchanged.
If the potential recipient decides to work, she will receive a wage of $8 per hour. Show the budget line for the potential recipient using the above information.
The United States can make certain toys with greater productive efficiency than can the China. Yet we import those toys from China.
illustrate what price should it charge and how many DVDs should it order from each supplier.
The risk premium it charges on its loans is classified as profits in economics.
Moldovan authorities declared not only once that y want to sign an agreement with IMF that would not envisage Moldovas financing. Can fund accept such a scenario.
Illustrate what are the effects on the growth rates of cumulative o/p, cumulative consumption, and also cumulative investment.
Discuss the probability that the annual net cash flows will be negative. Determine the probability that the annual net cash flows will be less than $20,000.
Find out data on wages, employment, and minimum wage laws in developing countries from the internet & summarize this information.
Explain which technology would you advise the CEO of Defendo to adopt given the threat of possible entry. Also what will be the Defendo's profit given his choice.
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