Business, 14.07.2019 20:10, rleiphart1

Perfect summer weather increases farm output by 30%. in the short run, this can be expected to the price level and real wealth.

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Business, 23.06.2019 01:40, kaiya789

6. why the aggregate supply curve slopes upward in the short run in the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen. for example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. consider a soybean farmer who expects a price level of 100 in the coming year. if the actual price level turns out to be 90, soybean prices will , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by the quantity of soybeans supplied. if other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to the natural level of output in the short run.

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Business, 18.08.2019 05:10, ngj312

Why the aggregate supply curve slopes upward in the short runin the short run, the quantity of output that firms supply can deviate from the natural rate of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen.for example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. consider a soybean farmer who expects a price level of 100 in the coming year. if the actual price level turns out to be 90, soybean prices will (fall,rise,remain the same) , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by (reducing,increasing) the quantity of soybeans supplied. if other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to (rise above, fall below) the natural rate of output in the short run.suppose the economy's short-run aggregate supply (as) curve is given by the following equation: 5. why the aggregate supply cur the greek letter represents a number that determines how much output responds to unexpected changes in the price level. in this case, assume that . that is, when the actual price level exceeds the expected price level by 1, the quantity of output supplied will exceed the natural rate of output by $2 billion.suppose the natural rate of output is $50 billion of real gdp and that people expect a price level of 100.on the following graph, use the purple line (diamond symbol) to plot this economy's long-run aggregate supply (lras) curve. then use the orange line segments (square symbol) to plot the economy's short-run aggregate supply (as) curve at each of the following price levels: 90, 95, 100, 105, and 110.aslras01020304050607080901001251201151101051009590858075price leveloutput (billions of dollars)100, 110the short-run quantity of output supplied by firms will rise above the natural rate of output when the actual price level (rise above, fall below) the price level that people expected.

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Business, 20.08.2019 17:20, Talinamoreno123

In the short run, the quantity of output that firms supply can deviate from the natural rate of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen.for example, the sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. suppose firms announce the prices for their products in advance, based on an expected price level of 100 for the coming year. many of the firms sell their goods through catalogs and face high costs of reprinting if they change prices. the actual price level turns out to be 90. faced with high menu costs, the firms that rely on catalog sales choose not to adjust their prices. sales from catalogs will the same/fall/rise), and firms that rely on catalogs will respond by (increasing/reducing) the quantity of output they supply. if enough firms face high costs of adjusting prices, the unexpected decrease in the price level causes the quantity of output supplied to (fall below/rise above) the natural rate of output in the short run.suppose the economy's short-run aggregate supply (as) curve is given by the following equation: quantity of output supplied = natural rate of output + a x (price level (actual) - price level (expected))the greek letter a represents a number that determines how much output responds to unexpected changes in the price level. in this case, assume that a= $2 billion. that is, when the actual price level exceeds the expected price level by 1, the quantity of output supplied will exceed the natural rate of output by $2 billion. suppose the natural rate of output is $60 billion of real gdp and that people expect a price level of 100.the short-run quantity of output supplied by firms will rise above the natural rate of output when the actual price level (rises above/falls below) the price level that people expected.

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Perfect summer weather increases farm output by 30%. in the short run, this can be expected to the...

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