Answer:
Correct option is C.
<u>If the economy is at full capacity, then the AS curve will be vertical</u>
Explanation:
The long-run aggregate supply curve is perfectly vertical, which reflects economists' belief that the changes in aggregate demand only cause a temporary change in an economy's total output. For the short-run aggregate supply, the quantity supplied increases as the price rises.
The full capacity AS curve is a long-run AS curved and it is vertical as the potential output level is denoted by it with the fully employed resources.
Answer:
B) achieving political and economic unity
Explanation:
The goals of mercantilism were to increase the wealth of the government (accumulate gold and silver) by controlling economic affairs, and ultimately increasing the power of the nation (both economic and military). You must remember that mercantilism was popular during the 17th and 18th century when democracy didn't exist, and the Kings and Queens were eager to increase their personal wealth, power and greatness.
This item is asking us to determine the number of truckloads of watches that needs to be manufactured in order to reach equilibrium. If we let x be the number of watches then, the equation that would best describe the given is,
(900)(70) = (x)(40)
The value of x from the equation is 1575. Thus, the company needs to manufacture 1575 watches.
Answer:
A. a growing industrial economy
D. a focus on agricultural activity
Explanation:
The economies of developing countries are characterized by;
a growing industrial economy
a focus on agricultural activity
Answer:
gives a better measure of ongoing, sustained price changes.
Explanation:
- In order to measure the market-based rate of inflation that excludes the food and the energy processes are preferred by some economist as the core inflation that is long price trend and is frequent subject to the change as food and energy. As this index is based on the dynamic consumption basket the economic variables are adjusted by the price defoliator.
