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

Assignment, derive equations for IS,LM and AD curves.

derive equations for IS,LM and AD curves.

#title. phillip curve, what does phillip curve signify? how do you reconcil...

what does phillip curve signify? how do you reconcile the difference in the shap of the curve in the short run and the long run?

Differentiate demand elasticity and supply elasticity, Describe elasticity?...

Describe elasticity? Differentiate demand elasticity and supply elasticity? What is arc elasticity? Please describe graphically with proper mathematical representation?

Nations'' levels of per capita, In general, economists have found that as n...

In general, economists have found that as nations' levels of per capita real Gross Domestic Product (GDP) increase, A. the rate of population growth declines. B. the rate of

Macro Economics, At the same meeting of the open market committee where it ...

At the same meeting of the open market committee where it announced Quantitative Easing 3, the Fed chose to also announce that its currently low Fed funds rate of 0 to .25% would b

World real gdp per capita, ihave real gdp per capita for all countries in w...

ihave real gdp per capita for all countries in world .. how can i calculate world real gdp per capita by using the data.

Grocery store manager, A grocery store manager would like to have an idea c...

A grocery store manager would like to have an idea concerning the average amount milk the store sells per day. In a sample of 70 days, the average amount number of gallons sold was

ENC 312, what have you learned from the class

what have you learned from the class

Illustrate the says law, Q. Illustrate the Says Law? With Say's Law, ag...

Q. Illustrate the Says Law? With Say's Law, aggregate demand would always be equal to aggregate supply and cross model would be incorrect.  Keynes's argument as to why Say's

Trends of trade shares, Trends of Trade Shares: India's share in total...

Trends of Trade Shares: India's share in total world exports in 1950 was 1.85 percent and the share in total world imports was 1.7 1 percent. The share of both exports and imp

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