(a) (b) (c)
AS(P100) AS(P125) AS(P75)
P Q P Q P Q
125 $560 125 $500 125 $620
100...
![Business](/tpl/images/cats/ekonomika.png)
(a) (b) (c)
AS(P100) AS(P125) AS(P75)
P Q P Q P Q
125 $560 125 $500 125 $620
100 500 100 440 100 560
75 440 75 380 75 500
Suppose the full employment level of real output (Q) for a hypothetical economy is $500, the price level (P) initially is 100, and prices and wages are flexible both upward and downward. Refer to the accompanying short-run aggregate supply schedules. In the long run, an increase in the price level from 100 to 125 will
a. increase real output from $500 to $560.
b. decrease real output from $500 to $440.
c. change the aggregate supply schedule from (a) to (c) and result in an equilibrium level of real output of $560.
d. change the aggregate supply schedule from (a) to (b) and result in an equilibrium level of real output of $500.
![answer](/tpl/images/cats/otvet.png)
Answers: 3
Other questions on the subject: Business
![image](/tpl/images/cats/ekonomika.png)
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 20:40, Blazingangelkl
Which one of the following statements is correct? process costing systems use periodic inventory systems. process costing systems assign costs to departments or processes for a time period. companies that produce many different products or services are more likely to use process costing systems. production is continuous when a job-order costing is used to ensure that adequate quantities are on hand.
Answers: 2
![image](/tpl/images/cats/ekonomika.png)
Business, 23.06.2019 02:00, 20jmurphy82
One country has a comparative advantage over another country in the production of a good if ithas a curved production possibilities curve and the other country has a linear production possibilities curve. has lower fixed costs than the other country. has a linear production possibilities curve and the other country has a curved production possibilities curve. is a lower opportunity cost producer of the good.
Answers: 1
![image](/tpl/images/cats/ekonomika.png)
Business, 23.06.2019 02:00, mayaduke9482
When making a major purchase, i often spend months to learn all the issues?
Answers: 3
Do you know the correct answer?
Questions in other subjects:
![Konu](/tpl/images/cats/himiya.png)
Chemistry, 21.07.2019 00:30
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/health.png)
Health, 21.07.2019 00:30
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/en.png)
![Konu](/tpl/images/cats/mat.png)
Mathematics, 21.07.2019 00:30
![Konu](/tpl/images/cats/biologiya.png)
Biology, 21.07.2019 00:30
![Konu](/tpl/images/cats/en.png)
![Konu](/tpl/images/cats/es.png)
Spanish, 21.07.2019 00:30
![Konu](/tpl/images/cats/istoriya.png)
History, 21.07.2019 00:30