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It is important to distinguish between changes that are anticipated and unanticipated because the impact on the economy will differ between the two. The economy is in long-run equilibrium when the short-run aggregate supply curve, aggregate demand curve, and long-run aggregate supply curve are in equilibrium.
What are the major factors causing a shift in aggregate demand (inward or outward)? What are the major factors that will affect short-run aggregate supply? Long-run aggregate supply?
Review what factors will lead to a shift in the AD, SAS, and LRAS. An increase in output due to economic growth will increase both short-run and long-run aggregate supply. Unanticipated changes in either aggregate demand or aggregate supply will disrupt long-run equilibrium and cause current output to differ from the economy's long-run potential.
1. Compare and discuss the major similarities and differences between business strategy and military strategy.
What is the cost of voting in an election? What is the main factor preventing a large community from influencing policy in the same way as a special interest group? Why might legislators vote to impose a tariff on Egyptian cotton, when consumers in t..
What is the probability that the child receives exactly three services given that he or she receives at least one service?
q.british columbia tourist association distributes s pamphlets maps and other tourist-related information to people who
Mention the two forms of market failures associated with asymmetry of information. In each case use a specific example to explain the circumstances.
Use modified accelerated cost recovery system depreciation beginning January 1. Also, assume a 35% income tax rate.
Consider the following game. There are four players. Each player i (where i = 1, 2, 3, 4) si- multaneously and independently selects her contribution si ∈ [0, 10]. Find all Nash equilibria (if any). Are there any dominated strategies? Are there any d..
q.a firm is using 30 units of labor and 20 units of capital to produce 4000 units of output. at this combination the
Furtheremore what will the effect of this be on the balance of a government budget if it had previously been in surplus by 6b.
question1 consider a macro economy that is initially at equilibrium level of real gdp. by using an aggregate demand and
You will have more money at 65 than if you save $500 per month from 31-65. At what rate of return is this claim true?
It is common for supermarkets to carry both generic (store-label) and brand-name (producer-label) varieties of sugar and other products. Many consumers view these products as perfect substitutes, meaning that consumers are always willing to substitut..
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