The graphs illustrate an initial equilibrium for some economy. Suppose that the economy experiences a rise in aggregate demand. Use the graphs to illustrate the new positions of AD, SRAS, and LRAS as well as the new short‑run and long‑run equilibria resulting from this change.
Answers
Answer:
*see image*
Explanation:
For the long-run graph, the aggregate demand increase looks the same as on the short‑run graph. The SRAS curve, however, shifts such that it intersects the aggregate demand curve and LRAS curve at the same point.
As was the case in the short run, the LRAS curve itself does not move. The equilibrium points are the intersection of aggregate demand, SRAS, and LRAS. If these three do not intersect at the same point, then the graph does not represent the long run.
Basically: In the short run, increase in aggregate demand will shift AD curve rightward to AD1, intersecting SRAS at point A with price level P1 and real GDP Y1. In the long run, higher price level raises cost of inputs and firms lower production and output, decreasing aggregate supply. SRAS shifts left to SRAS1, intersecting AD1 at point B with price level P2 and real GDP Y0.
Related Questions
The table shows the cost of a fixed basket of goods that a typical urban consumer would buy in the economy of Kindleberger. The base period for the consumer price index (CPI) is the year 2000. Please specify answers to two decimal places.
CPI for 2000: ___________
CPI for 2011: ___________
CPI for 2012: ___________
Answers
Answer:
CPI in 2000 = 100
CPI in 2001 = 132.53
CPI in 2002 = 186.14
Explanation:
Cost of a basket of goods in the base year (2000) = $4,150.
So, CPI in 2000 = Cost of basket in 2000 * 100 / Cost of basket of goods in base year
= 4150* 100 / 4150
CPI in 2000 = 100
CPI in 2001 = Cost of basket in 2001* 100 / Cost of basket of goods in base year
= 5500 * 100 / 4150
CPI in 2001 = 132.53
CPI in 2002 = Cost of basket in 2001* 100 / Cost of basket of goods in base year
= 7725* 100 / 4150
CPI in 2002 = 186.14
Select all the correct answers.
What are two reasons why the US government sent expeditions into the Louisiana Territory in the 1800s?
The government wanted to learn about the strength of the French military in the area.
A: At that time, many Americans traveled there to search for gold and precious stones.
B: At that time, Americans knew very little about the geography of the area.
C: The government wanted to establish friendly ties with American Indians there.
D: The government wanted to prepare for a coming war against Great Britain.
Answers
Answer:
B. I do not know the second one
Explanation:
it makes sense that americans knew very little about the area at the time since they had just bought the territory
How does a resource change if it is considered to be scarce?
Answers
Answer:
Explanation:
Because the more resources a company or someone wants it will eventally be limited or run out, as you used up all the resources.
Classify the events according to their impact on aggregate demand (AD).
1. A dramatic decline in the average price of houses will _____________.
2. Increased concern that a recession is looming will _____________.
3. An announcement by the central bank to maintain its existing monetary policy will _____________.
4. A reduction in government spending will _____________.
5. A dramatic improvement in the stock market, causing investors' wealth to rise, will _____________.
6. A recession occurring in a trading partner's economy will _____________.
7. An increase in income tax rates on individuals earning more than $450,000 per year will _____________.
WORD BANK
not change AD.
increase AD.
decrease AD.
Answers
Answer:
1. decrease AD.
2. decrease AD.
3. not change AD.
4. decrease AD.
5. increase AD.
6. decrease AD.
7. decrease AD.
Explanation:
Aggregate demand (AD) measures the total amount of spending that occurs in an economy and can be segmented into consumption spending, government spending, investment spending, and net exports. A key principle in this example is that AD increases when there are increases to any of these individual components of AD and decreases when the individual components decrease.
Several of the events in this example describe direct changes in the components of AD:
- A reduction in government spending leads to a decline in AD as it is associated with fewer goods and services being purchased.
- An increase in tax rates reduces disposable income and therefore causes consumption spending to decline.
- When recessions occur abroad, foreigners purchase fewer imported items. (e.g., a recession in Europe means that American firms will export less to Europe.) Thus, net exports decline as trading partners experience recessions, which causes AD to fall.
- Consumer confidence also impacts spending in that people are more inclined to make purchases when feeling optimistic and more inclined to save when feeling concerned about the economy.
- Wealth is another factor that affects AD. People buy more goods and services when they have more wealth and vice versa. Therefore, an increase in wealth associated with rising stock prices increases AD, whereas falling wealth from declining housing prices reduces AD.
- Changes in the money supply also can lead to AD shifts. When the money supply grows more rapidly, there are increases in spending and the AD shifts to the right, and vice versa. In this example, growth in the money supply is said to be stable, implying that AD will neither increase nor decrease.
Explain the difference between a mixed market economy and a mixed command economy
Answers
The economic system is fully controlled by the government, while the economic system is controlled by the private sector and the government.
I hope this help
Theodosius left a will instructing the Romans to do what after his death?
Answers
Answer:
He decided to have the Roman Empire divided.
Explanation:
In Louisiana, judges are
To be eligible, a judge must have lived in his or her district for at
least
Justices who serve in the state supreme court are chosen according to
Each
justice serves for a
Answers
The judges eligibility in Louisiana are determined by number of years they have lived in the district, which must be for at least one year.
How are judges chosen in Louisiana?In Louisiana, the judges are elected through the voting electorate of their districts.
However, their eligibility is determined by the number of years they have lived in the district, which must be for at least one year.
Read more about Louisiana judges
brainly.com/question/14497538
Suggest a way to produce skilled human resource in your school,
Answers
Answer: Some of the measures to produce skilled human resources in the country are:-
Providing practical and quality education to all.
Developing technical and vocational education system according to the need of the country.
Updating knowledge with developed information technology.
Formulating scientific education policy as per the demand of time.
By applying these measures a country can produce skilled human resources to utilize the natural means and resources for the development.
I hope this answer helped you! ^-^
Explanation:
Heyyy Guyssss !!
What are the advantages of industry ?
Answers
Faster manufacturing.
Less machine and production line downtime.
Fewer quality issues with products.
Explanation:
Growth of industries leads to increase in production of goods and services which are available to people at cheaper rates.It reduces dependence on other countries and improves economy.It reduces dependence on other countries and improves economy.It results in rising the standard of living.It reduces dependence on other countries and improves economy.It results in rising the standard of living.It creates new job opportunities helping in the removal of unemployment.“When the United States first won its independence, there were restrictions on who could vote. In some states, only white male landowners that were at least 21 years old could vote. Beginning in 1870, a series of Constitutional Amendments and other laws have extended voting privileges to more and more citizens.”
What evidence in the text supports the statement that “a series of Constitutional Amendments and other laws have extended voting privileges to more and more citizens”?
Answers
Answer:
There is kind of no evidence in the text that proves they've extended it but I'm pretty sure they extended by at least saying you can vote at the age of 21 but you have to a be landowner and only white male, that is bias, and also but they said some parts
Explanation:
Suppose that the government engages in expansionary fiscal policy by increasing government spending. Show the initial impact by properly shifting the aggregate demand curve (AD), the short‑run aggregate supply curve (SRAS), or the long‑run aggregate supply curve on the graph below.
Answers
Answer:
*see image*
Explanation:
An increase in government spending causes the aggregate demand curve to shift to the right.
Aggregate demand shows how the overall price level and the amount of goods and services purchased are related. One component of a nation's collective spending on goods and services are government purchases. Ceteris paribus, more government spending implies more total spending and is associated with aggregate demand increasing accordingly.
The aggregate supply curves, whether depicting a short run or a long run relationship, both show how the total amount of goods and services produced in the economy varies as the price level varies. This is not directly impacted by changes in government spending.
What laws helped the Colony to grow and why?
Answers
The Colonial Population
Explanation:
These populations continued to grow at a rapid rate throughout the 18th century primarily because of high birth rates and relatively low death rates. Over 90% were farmers, with several small cities that were also seaports linking the colonial economy to the larger British Empire.
The government of Happyland collects $100 million in taxes each year and currently has a public debt of $1.2 billion, which it finances by issuing Treasury bonds that pay 8% per year. Is this a manageable level of debt for the government of Happyland?
No, the debt is not manageable because the government must repay the entire $1.2 billion debt at the end of the year.
No, the debt is not manageable because interest payments equal $96 million per year.
Yes, the debt is manageable because the public debt is only 12 times the size of tax revenues.
Yes, the debt is manageable because an interest rate of 8% is relatively low.
Answers
Annual interest payments on the debt are:
0.08 x $1,200,000,000 = $96,000,000
While it is possible to cover interest on the debt with $100 million in tax revenues, that would leave just 4% ($4,000,000/$100,000,000 x 100) of tax revenues to pay the principal on maturing loans and all other government expenditures (assuming no additional debt is incurred). This is not a manageable level of debt.
What factors led to a general decrease
in the length of residence requirements among the
States?
Answers
Explanation:
AbstractBACKGROUND:-cardio metabolic risk (CMR) factors including hypertension overweight obesity diabetes mellitus and hyperlipidemiaaa raha hai among United States ethnic minorities and the immigrantpopulation continuous to burgeon.
hope u help ful
Cardio Metabolic Risk (CMR) factors, such as hypertension, overweight obesity, diabetes, and hyperlipidemia, continue to rise among American ethnic minorities and immigrants.
What is Cardio-Metabolic Risk (CMR)?There are a number of risk variables that operate as predictors of someone's propensity to acquire diabetes or cardiovascular disease (CVD). Finding these risk factors is especially crucial because many of the disorders that lead to diabetes and cardiovascular disease may be treated or lessened. These cardiometabolic risk factors (CRF) include prediabetes, high blood pressure, raised triglycerides, low HDL (good) cholesterol, and low HDL (good) cholesterol levels.
Risk factors for thrombosis include irregular blood clotting, abdominal obesity, and thrombosis. Blood testing and physical examinations are used to evaluate a person's cardiometabolic risk. Blood tests are specifically used to monitor a person's glycemic control, lipid profile, and vascular health.
Learn more about Cardio-Metabolic Risk (CMR), here:
https://brainly.com/question/13847373
#SPJ2
When members of a family system are over involved with each other's affairs and are over concerned with the details of each other's lives, they are said to be:
Answers
An enmeshed family is a kind of family system where family members are usually involved with each other's affairs.
What is an enmeshed family ?An enmeshed family serves as the type of the family system that are mote concerned about the affairs and well being of each other.
Therefore, enmeshed family usually look out for each other and care about each other.
Learn more about enmeshed family at;
https://brainly.com/question/12397063
Observe your community, what do you think is trending today? Why do you say so?
Answers
By observing your community, you will notice that there are certain things that are trending and you can then investigate further to find out why those things are happening.
What is trending in your community?This is an essay type question and so I cannot give you the answer but I can help guide you.
First you should observe your community to find out if there are any new and popular trends emerging. For instance, more people might be using bicycles to get to work.
You then give evidence as to why you believe your observation is a new trend. For instance, you compare your current observation on bicycles, to bicycle numbers in the past number of years.
You could pull up bicycle numbers for your areas on the internet, interview a bicycle salesman in the area, or draw evidence from your own memory of bicycle usage in the past.
Find out more on essay writing at https://brainly.com/question/94727.
High Power Distance Index countries are more egalitarian than low Power Distance Index countries. Group of answer choices True False
Answers
It is a false statement that the High Power Distance Index countries are more egalitarian than low Power Distance Index countries.
What is the difference between the two countries?
A High Power Distance country have a culture that gives great deference to a person of authority while the Low Power Distance country have a culture that values the equal treatment of everyone.
Hence, it is false that the High Power Distance Index countries are more egalitarian than low Power Distance Index countries because both country priotize people having a equal rights and opportunities.
Read more about Distance country
brainly.com/question/7158663
For the U.S. government, which of the given is NOT an example of discretionary spending?
a. Medicare
b. defense spending
c. science spending
d. Medicaid
For the U.S. government, which of the given is NOT an example of mandatory spending?
a. education spending
b. interest on the national debt
c. Social Security
d. Medicare
Which type of spending currently takes up a larger proportion of the U.S. federal budget?
a. Mandatory spending and discretionary spending take up an equal amount.
b. mandatory spending
c. discretionary spending
Answers
Answer:
- Medicare
- Education spending
- Mandatorym spending
Explanation:
Discretionary spending is subject to an annual appropriation process by Congress. In contrast, mandatory spending is authorized by permanent laws and therefore can not be easily changed.
The answer to the first question is that Medicare is not a type of discretionary spending. Medicare is a type of mandatory spending. Discretionary spending includes defense, science, income security (including Medicaid), transportation, environment, education, veterans' benefits and services, etc.
The answer to the second question is that education spending is not a type of mandatory spending. Spending on education is a type of discretionary spending. Mandatory spending includes Medicare, Social Security, interest on the national debt, food stamps, TANF (temporary assistance for needy families), etc.
The answer to the last question is that the majority of the budget is spent on mandatory spending items. Mandatory spending accounts for about 60%, whereas discretionary spending accounts for about 40%.
HELP ASAP-WILL GIVE BRAINLIEST-NO FILES
How did voting in ancient Rome change over time?
A. Citizens started to vote on what was best for the whole of the Roman Empire.
B. Citizens only voted for what was best for the community
C. Citizens were required to vote based on the needs of others and not themselves.
D. Citizens began to vote based on self interest or what was best for themselves.
Answers
Answer:
D
Explanation:
Why didn’t the colonies abolish slavery after the Revolutionary War?
Answers
Answer:
The colonies did not abolish slavery after the Revolutinary War was because the United States economy depended on slave labor, and lawmakers did not want to dismantle the economy.
Explanation:
Answer: an attempt to end slavery by federal law would endanger the fragile union of the states.
Explanation:
Classify each example as either relating to human capital, physical capital, or technology.
- An increase in adult literacy affects
- An increase in the number of company cars impacts
- An increase in the number of college graduates impacts
- New distribution techniques affect
- An increase in the number of company computers affects
- More people graduating from culinary school affects
- A new cancer treatment affects
- A doctor's knowledge about a new cancer treatment affects
WORD BANK
physical capital.
human capital.
technology.
Answers
Answer:
1. human capital.
2. physical capital.
3. human capital.
4. technology.
5. physical capital.
6. human capital.
7. technology.
8. human capital.
Explanation:
Human capital refers to the knowledge, skills, experiences, capabilities acquired by an individual inorder to the productivity. Physical capital refers to those inputs that contribute in the production process. It basically means the factors of production like land, building, machinery, etc. Technology refers to research, innovations and development. In other words, it means innovating something new.
Human capital is the knowledge and ability that workers have that allow them to perform their job or to perform it better. Some examples of human capital are the knowledge obtained through various types of education and training as in the case of more college graduates, individuals going to culinary school, adult literacy, and doctors learning about a new way to treat cancer.
Physical capital consists of those physical resources that are used in production but that are not inputs in production. Examples of these are company computers and company cars that presumably enhance workers' ability to perform their tasks.
Technology consists of the processes by which capital is employed in the production process. For example, improvements in a distribution process or in cancer treatments are both examples of technologies.
One of the key underpinnings of public choice analysis is the assumption that politicians and bureaucrats
make political decisions based on self‑interest, just as individuals and firms do.
make political decisions based primarily on benefiting future generations.
seek only to maximize long term economic growth through increasing GDP.
act not out of self‑interest but desire to increase the general utility of the public.
Answers
Answer:
a. make political decisions based on self‑interest, just as individuals and firms do.
Explanation:
Public choice analysis is the combination of political science and economics and analyzes political decision making. One key assumption of public choice theory is that politicians are rational, self‑interested, economic agents. Like all other economic agents, they make decisions based on their own self‑interest (specifically, to satisfy constituents and retain their positions). It leads to rise of interest groups, logrolling and rent seeking behavior from the politicians and bureaucrats which leads to inefficiency.
The boundary between the Pacific Plate and the Australian Plate is a transform boundary. What event is likely to occur at this boundary?
Answers
Answer:
seafloor spreading
Explanation:
According to Chapter 8 of your textbook, the three types of entry strategies are __________, ____________, and _____________.
Answers
Answer:
Direct Exporting
Licensing
Partnering
how can school assist the community to address substance abuse
Answers
Answer:
Schools may adopt a variety of alternatives to testing to address the issue of substance abuse including offering after school programs, incorporating life skills training into drug education curricula, helping parents become better informed, providing counseling, identifying problem behaviors for early intervention, and promptly referring students to health care professionals for assessment and intervention.
Explanation:
hope this helps
This is a massive ball of plasma that shines because of thermonuclear fusion
Answers
Answer:
star
Explanation:
huge ball of ionized gas (plasma) producing energy (light) by nuclear fusion. The visible surface of the sun (photosphere) is ~5700K. An object at this temperature emits most of its. energy as visible light
webpdxedu
Which of the following sets what is
known as "Required Reserves?"
A. individual banks
B. Wall Street
C. Federal Reserve
D. U.S. Congress
…need help pls.
Answers
Answer:
i believe the correct answer is a
how to make people to follow rules
Answers
Answer:
[tex]There \: is \: a \: way \: to \: follow \: rules \: effectively \\ without \: resorting \: to \: breaking \: them.[/tex]
Be guided by values. Values are the principles that guide our behaviour, attitudes and actions. ...Tweak the rules to suit you. Sometimes we follow rules too strictly because we are afraid to question them. ...Simplify. ...Be Authentic. ...Conclusion.What is the capital of New Mexico? (3 points)
a
Santa Fe
b
Salem
c
Austin
d
Juneau
Answers
the capital of new Mexico is
Explanation:
Santa Fe
Answer:
What is the capital of New Mexico?
Explanation:
Santa Fe
How are oceans important to human beings?
Answers
Answer:
ocean give benefits such as swimming and catching fish and also they can move boats and go to islands and explore hope it helps. :)
Explanation: