A year of unusually bad weather for agriculture would

Assignment Help Business Economics
Reference no: EM13981970

A year of unusually bad weather for agriculture would:

1) increase SRAS but not LRAS.

2) increase SRAS and LRAS.

3) decrease SRAS but not LRAS.

4) decrease SRAS and LRAS.

Reference no: EM13981970

Questions Cloud

What is the sociological imagination : What is the sociological imagination? Discuss how your life might have turned out differently had you been born in a different time period (era) or location (country or culture)
Expenditures including the initial increase : Assume that the MPC is 0.89. If there was an $75 billion autonomous increase in expenditures, what would the total increase in expenditures including the initial increase?
Find the corrective tax which eliminates the deadweight loss : The aluminum industry faces a private marginal cost curve PMC = 2Q and a market inverse-demand curve of PD = 60 – QD. However, production creates an externality with marginal damages of MD = Q. Find the market equilibrium without any government contr..
Which of the following is the best definition of money : Which of the following is the best definition of money? 1) anything generally accepted as a payment for goods or repayment of debt 2) anything that is a liability of the federal government 3) anything that is a liability of a commercial bank 4) coins..
A year of unusually bad weather for agriculture would : A year of unusually bad weather for agriculture would:
According to a regression analysis : Since all the Hawkins Company's costs (other than advertising) are essentially fixed costs, managers want to maximize total revenue (net of advertising expenses). According to a regression analysis (based on 124 observations) carried out by managers,..
Educational reforms begin to significantly raise test scores : Educational reforms begin to significantly raise test scores of graduating high school seniors in the United States, and they enter the workforce with improved reading, math, and reasoning skills. What effect would this have on aggregate supply? Ques..
Explain why tax revenue changes during recession : Fiscal policy changes automatically when output and employment fluctuate a. Explain why tax revenue changes during a recession b. Explain why government spending changes during a recession c. If the federal government was required to operate under a ..
The elasticity of demand by texans for a car wash : You are the manager of a gas station and your goal is to maximize profits. Based on your past experience, the elasticity of demand by Texans for a car wash is -4, while the elasticity of demand by non-Texans for a car wash is -6. If you charge Texans..

Reviews

Write a Review

Business Economics Questions & Answers

  Disposable income over two periods-current-future period

Consider a household seeking to allocate disposable income over two periods: current period and a future period. How does the equilibrium r vary with an exogenous increase in y'? Is this intuitive? you should be able to make an argument as to whether..

  Helped by an increase in the legal minimum wage

Who is hurt and who is helped by an increase in the legal minimum wage? Under what circumstances might a higher minimum not reduce employment?

  Circular flow relates to current economic situations

Explain a way that your family interactsin factor market and a way that it interactsin products market. Discuss how circular flow relates to current economic situations.

  Q1 a monopoly firm is currently earning positive economic

q1. a monopoly firm is currently earning positive economic profit. the owner of the firm makes a decision to wholesale

  Stimulate an economy with expansionary monetary policy

“Attempts to stimulate an economy with expansionary monetary policy will lead only to a loss of some of the country’s international reserves and to no permanent change in income under a fixed-rate system.” Agree? Disagree? Explain.

  How trade barriers and tariffs inhibit efficiency

Explain how international trade increases economic efficiency and how trade barriers and tariffs inhibit efficiency.

  Elucidate with aid of demand and supply curves

Elucidate, with the aid of demand and supply curves, the impact of increased crime on the demand for private security services. On your diagram, show the changes in the equillibrium price and quantity.

  Considering upgrading a piece of equipment

A manufacturing is considering upgrading a piece of equipment. If a certain upgrade helps reduce operating costs by $750 per hour of use, and the upgraded equipment will be used on average 8 hours per day, what is the expected annual savings of upgra..

  How does this relate to strategic advantage

It can be argued that knowledge flow, sharing, and leveraging is required for effective global business management. Present an example of this in practice (what does it look like?), and discuss how value is generated. How does this relate to str..

  What actions did congress and supreme court take

What actions did Congress and Supreme Court take to reduce monopoly power in late-19th century. How successful were these actions in regulating business activities.

  Change the individual demand curve for aspirin tablets

Indicate how each of the following factors will change the individual demand curve for aspirin tablets:

  What were the banks reactions

What are some of the steps that the Federal Reserve took in 2008 to prevent further contractions of the economy and money supply? What were the banks' reactions?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd