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If technological change shifts the long-run aggregate-supply curve to the right, it will also do which of the following?
a. It will shift the short-run Phillips curve and the long-run Phillips curve to the right.
b. It will shift the short-run Phillips curve and the long-run Phillips curve to the left.
c. It will shift the short-run aggregate-supply curve to the right and the long-run Phillips curve to the left.
d. It will shift the short-run aggregate-supply curve to the right and leave the long-run Phillips curve unaffected.
Quantity of pizzas demanded soared following week from 1 pie an hour to 100 pies an hour. What was price elasticity of demand for Domino's pizza.
The united states exports a substantial amount of scrap iron and steel to Japan and other countries. Explain Why do some US users of scrap iron and steel support a prohibtion on these exports
Assume that Ms. Thompson is currently exhausting her money income by purchasing 10 unites of A and 8 unites of B at price $2 and $4 respectively. Elucidate what these data suggest about Ms. Thompson.
Suppose the demand for a movie ticket can be written as: If the cinema can offer tickets to a movie at zero marginal cost and can verify the purchaser’s age, what prices will be charged?
Assume you have an asset which will pay 5,000 dollars at the end of each year forever. Then, if the interest rate is 5% per year, the value of the asset is
The long run is defined as:
Illustrate what type of industry benefits the most from technological innovation? Select an article from either either a peer reviewed or current popular periodical on an industry of your choice and discuss this question from the perspective of th..
A micro economist might study which of the following?
the average price level is $4 per unit also the quantity of money. Illustrate what happens to velocity if the average price level falls to $2 per unit, the money delivery is $2000 also real GDP is 4,000 units.
Risk and Return, Coefficient of Variation Based on the following information, calculate the coefficient of variation and select the best investment based on the risk/reward relationship.
A company will borrow $50,000 for new equipment and will repay the loan in 5 years. What is the best option and how much difference will it make in the final payoff amount?
In a few sentences, what effect does the current supply and current demand have on this product.
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