Relationship between l and p, Macroeconomics

Assignment Help:

Q. Relationship between L and P?

• As long as L is smaller than LB, L may change with no change in prices. In this range, there is no relation between L andP.
• When L is between LB and LC then L increases with P.
• L cannot be greater than the LC.

The chart below illustrates the relationship between L and P

1296_Relationship between L and P.png

Figure: The relationship between L and P


Related Discussions:- Relationship between l and p

Impact of an aging population on state, Evaluate the impact of an aging pop...

Evaluate the impact of an aging population on state and local government expenditures. Suggest strategies that government should take in dealing with this situation. Justify your r

Each good as a final good or intermediate good, Classify each good as a fin...

Classify each good as a final good or intermediate good. (briefly explain wach choice) 1. running shoes 2. cotton fibers 3. watches 4. textbooks 5. coal 6. sunscr

Explain the competitive model, Identify and explain the evidence for and ag...

Identify and explain the evidence for and against the competitive model. Provide specific examples.

Describe simulation in gpss, The sales counter next to the soft toy display...

The sales counter next to the soft toy display in Shambles receives a customer every 2-4 minutes. Most of these customers (80%) are buying toys and are dealt with by the cashier i

Illustrate the yield to maturity each bond, Consider following 5,000 value ...

Consider following 5,000 value securities. Bond Coupon Rate Selling price coupon payment yield to maturity% 6% $5000 6% $5500 10% $5000 12% $4500 A. Are those securities abov

Define gross requirements and scheduled receipts, One unit of A is made up ...

One unit of A is made up of one unit of B and one unit of C. B is made of three units of D and one unit if F. C is composed of three units of B, one unit of D, and four units of E.

The Business Cycle, I would like to know one of the external determinants i...

I would like to know one of the external determinants in Spain''s recovery, please?

Progressive income tax, Because the structure of the personal income tax is...

Because the structure of the personal income tax is progressive, a larger share of income is taxed at higher rates as real income increases. Therefore, economic growth automaticall

Mec, discuss mec

discuss mec

Write Your Message!

Captcha
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