Distinguish between short-run and long-run aggregate supply

Reference no: EM131311828

1. Explain the composition of aggregate demand. Explain under what circumstances the aggregate demand curve might shift

(a) to the right

(b) to the left.

2. Distinguish between short-run and long-run aggregate supply and discuss the import-ance of this distinction for macroeconomic policy.

Reference no: EM131311828

Questions Cloud

Series of equal payments is paid regularly out : If a series of equal payments is paid regularly out of a bank account which earns a constant rate of interest, the ____ is the amount that must be in the bank at the beginning of the series to just fund all of the payments.

Starting with the number six and counting : Starting with the number six and counting by 2s I need to know what the 100th number would be? Most of all I need to know the formula is to figure it out.

Explain why the firms face a prisoners dilemma : ASB-3514 INDUSTRIAL ORGANISATION Find the Nash equilibrium quantities, prices and profits of the Cournot game - Solve for quantities, prices and profits under the collusive outcome.

Triangular arbitrage profit by trading at these prices : Assume you are a trader with Deutsche Bank. From the quote screen on your computer terminal, you notice that Dresdner Bank is quoting €0.7627/$1.00 and Credit Suisse is offering SF1.1806/$1.00. You learn that UBS is making a direct market between the..

Distinguish between short-run and long-run aggregate supply : Distinguish between short-run and long-run aggregate supply and discuss the import-ance of this distinction for macroeconomic policy.

Provide the exact values of the solutions : Solve the equation sin(2) + √2 cos(x) = 0 , finding all solutions in the interval [0, 2π). Start by applying an appropriate trig identity. (You should be able to provide the exact values of the solutions and state them in radians.)

How does globalization explains the pattern of changes : How does globalization explains the pattern of changes in economic sectors in USA? How technology and immigration contribute to the process?

Estimate the intercept and the slope coefficient : Suppose you conduct currency carry trade by borrowing $1 million at the start of each year and investing in New Zealand dollar for one year. One-year interest rates and the exchange rate between the U.S. dollar ($) and New Zealand dollar (NZ$) are pr..

Values of the solutions and state them in degrees : Solve the equation sin (x) tan(x)+√3 sin(x)=0, finding all solutions in the interval [0,360º) Provide exact values of the solutions and state them in degrees.

User Account

All Pages