Price level and the level of output in the long run

Assignment Help Business Economics

Reference no: EM13987213

What is the relationship between the price level and the level of output in the long run?

Both the level of output and the price level increase.

Both the level of output and the price level decrease.

The level of output decreases and the price level increases.

The level of output increases and the price level decreases.

Reference no: EM13987213

Questions Cloud

Differences between manufacturing and service companies : There has been a dramatic change in the past two or three decades as U.S. corporations switch from a manufacturing to a service based economy

Increase in the cost of borrowing discourages investment : The chapter argues that investment depends negatively on the interest rate because an increase in the cost of borrowing discourages investment. However, firms often finance their investment projects using their own funds. If a firm is considering its..

Determining the standard normal curve : The area under the standard normal curve that lies to the left of -1.39 is 0.0823. Without consulting a the table giving areas under the standard normal curve, determine the area under the standard normal curve that lies to the right of 1.39.

What are the benefits and drawbacks of location based : What are the benefits and drawbacks of location-based applications for businesses and individual users?

Price level and the level of output in the long run : What is the relationship between the price level and the level of output in the long run?

Who is responsible for aspects of asset-liability management : In your own words describe what asset-liability management is and who is responsible for the five aspects of Asset-Liability Management: liquidity, interest rates, currency, funding of capital projects, and planning for profit and growth for the F..

How is economic growth affected by prevailing employment : Describe the economic growth scenario for U.S in the aftermath of the Great Recession. Explain. Explain this: how is economic growth affected by prevailing employment or unemployment levels in the economy?

Confidence interval of the true variance and standard : A random sample of 15 snow mobiles was selected, and the lifetime (in months) of the batteries was measured. The variance of the sample was 8.6. Find the 90% confidence interval of the true variance and standard deviation.

To maximize the benefits of diversity : Discuss the advantages of having a culturally diverse and integrated workforce. As a Human Resource manager, how would you ensure that your work force is culturally diverse, and that employees are integrated to maximize the benefits of diversity?

User Account

All Pages