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1 year ago

In countries that have high minimum wages and require a lengthy and costly process to get permission to open a business.

1 answer:

7 0

The long-run aggregate supply curve would shift to the right if countries with high minimum wages and lengthy and expensive procedures for obtaining business licenses were to lower both the minimum wage and these requirements.

<h3>In the long run, what happens to the aggregate supply?</h3>

Because it is vertical in nature, the traditional long-run aggregate supply does not shift with the price level. This is because, in the long run, businesses do not alter their output because resources adjust to the price change.

<h3>Why does the aggregate supply curve change over time?</h3>

Changes in the variables that have an effect on an economy's potential output are the only things that can cause the long-run aggregate supply curve to change. Changes in technology, capital, natural resources, and labor are all factors that alter the aggregate supply over the long term.

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False

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Evaluate Microsoft’s product and marketing evolution over the years. What has the company done well, and where did it falter?

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4 years ago

An account that would be increased by a debit is

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3 years ago

Read 2 more answers

Write an essay corruption is the root cause of the social ills plague the society

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corruption is the root of social ills because those that are in power take money for their own use and that money was supposed to buy medication for the country

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3 years ago

4.42 Frontier Airlines hedged the cost of the jet fuel by purchasing options that allowed the airline to buy fuel at a fixed pri

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$3,129,414.40

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i = 18% compounded monthly = 18% / 12 = 1.5% = 0.015

n = 2 yrs = 2 * 12 = 24 months

Growth(g) = 1% = 0.01

Present value of geometric series = A * [1 - (1+g)^n / (1+i)^n] / (I - g)

Present value of geometric series = $140000 * [1 - (1+0.01)^24 / (1+0.015)^24] / (0.015 - 0.01)

Present value of geometric series = $140000 * 1 - 0.8882352 / 0.005

Present value of geometric series = $140000 * 0.1117648 / 0.005

Present value of geometric series = $140000 * 22.35296

Present value of geometric series = $3,129,414.40

Thus, the present worth of the savings at an interest rate of 18% per year, compounded monthly is $3,129,414.40

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3 years ago