If the long-run aggregate supply curve is vertical

Assignment Help Business Economics
Reference no: EM131376561

If the long-run aggregate supply curve is vertical, then the Phillips curve

A. must be vertical in the short run.

B. must be downward sloping in the long run.

C. must be horizontal in the short run.

D. cannot be downward sloping in the long run.

Reference no: EM131376561

Questions Cloud

What are five ways the new google docs can help your team : What are five ways the new Google Docs can help your team accomplish work more efficiently, even when you're not in the same room together.
Who would be interested in monitoring and spying : Who would be interested in monitoring and spying on the collective intelligence of virtual communities?- As we create new and better ways to collaborate, what happens to information security?
Price-discriminating monopolist faces : A price-discriminating monopolist faces the following inverse demand functions: In Market One it is P1 = 80-Q1 and in Market Two it is P2 = 60-Q2 . Marginal cost is constant at $10. Consumers in market two can resell the good to consumers in marke..
Price-discriminating monopolist : In Market One it is P1 = 20-Q1 where P1 is the price charged in Market 1 and Q1 is the quantity demanded in Market one. In Market Two it is P2 = 15-1.5Q2 where P2 is the price charged in Market 2 and Q2 is the quantity demanded in Market Two. Marg..
If the long-run aggregate supply curve is vertical : If the long-run aggregate supply curve is vertical, then the Phillips curve
Discuss the link between mnemonics and college success : Discuss the link between mnemonics and college success. What are the three factors that make a mnemonic, a mnemonic
Do you agree with the firing of dimitar kerin : Have you ever been reprimanded for playing a game while at school or at work? What could you do differently to ensure this situation does not happen to you?
Short-run phillips curve predict the unemployment rate : The price level in the economy between 2012 and 2013 rose from 100 to 105. Between 2013 and? 2014, the price level rose from 105 to 110.25. How does the? short-run Phillips curve predict the unemployment rate will change as a? result?
Solar-powered equipment : Edward the entrepreneur takes 2 hours to cut a lawn and he cuts 100 lawns per year. He uses solar-powered equipment (truck and mower) that will last forever-and could be sold at any time for $20,000. Edward could earn $20 per hour as a pedicurist...

Reviews

Write a Review

Business Economics Questions & Answers

  Considering the purchase of new piece of equipment

A company is considering the purchase of a new piece of equipment. The new equipment is expected to reduce manufacturing costs by $20,000 per year for 2 years, and by $15,000 per year for years 3 through 6. What is the present worth of these cost sav..

  Field of empirical economic research offer virtual unanimity

Few fields of empirical economic research offer virtual unanimity of findings. The authors discuss the role of leakages in determining the impact of sports teams on the local economy. What are they talking about? Be specific so as to convince me that..

  Estimate the price elasticity of demand for gasoline.

When the price of gasoline increased from 3 to 4 dollars per gallon, the demand for gasoline decreased from 100,000 gallons to 90,000 daily. Also, the demand for a $50,000 SUV dropped from 3000 to 2500 cars per month. Estimate the price elasticity of..

  What are the characteristics of martian firms

Suppose life is discovered on Mars and that it turns out to be quite sophisticated. In fact, perfect competition prevails everywhere on the planet. Which of the following characteristics of Martian firms are we likely to observe.

  Write the null and alternative hypotheses

Suppose minorities form 29 percent of a local population. A local business has 125 employees of which 28 are momorities. Did the business discriminate in its hiring practices? Write the null and alternative hypotheses. What is the value of the test s..

  Determine the depletion charge

A mine purchased for $3.5 million has a total expected yield of one million ounces of silver. Determine the depletion charge in year 4 when 300,000 ounces are mined and sold for $30 per ounce using (a) cost depletion, and (b) percentage depletion. (c..

  Behavior with the knowledge of how currencies fluctuate

How complex pricing models were employed to cause worldwide currencies to weaken or strengthen. Describe the influences that caused the yen to fall. Further, describe the effects on world currencies seen since the writing of this article. How did the..

  Destroys several beer bottling facilities

Suppose there is a flood in St. Louis, Missouri, that destroys several beer bottling facilities. Which of the following would not be a direct result of this event?

  Illustrate what money supply should the bank of canada set

Illustrate what money supply should the Bank of Canada set next year if it wants inflation of 10 percent.

  Experienced appreciable political instability

You have been hired as an economic consultant for the nation of Ishtar. Ishtar is a developing nation that has recently emerged from a 10-year civil war; as a result, it has experienced appreciable political instability. Ishtar has a serious lack of ..

  What degree is the public debt burden to future generations

To what degree is the public debt a burden to future generations? Suppose income taxes and unemployment compensation were cut by an equal amount. How would aggregate demand be affected? As late as 1992, we were running budget deficits of nearly $300 ..

  Q1 studies have fixed the short-run price elasticity for

q1. studies have fixed the short-run price elasticity for gasoline at the pump at -.20. suppose that international

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