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tekilochka [14]
1 year ago
6

FILL IN THE BLANK. aggregate supply curves are___for low levels of output, and___for high levels of output.

Business
1 answer:
yuradex [85]1 year ago
4 0

For low levels of output, aggregate supply curves are comparatively flat; for high levels of output, they are comparatively steep.

<h3>What is aggregate supply? </h3>

The total amount of merchandise that businesses will produce and sell is known as aggregate supply, or real GDP. The positive association between price level and real GDP in the short run is demonstrated by the upward-sloping aggregate supply curve, also known as the short run aggregate supply curve.

Price, time, employer remuneration, technical breakthroughs, inflation and deflation, governmental rules, and the availability of resources are some of the variables that influence the aggregate supply curves.

To know more about aggregate supply, visit:

brainly.com/question/29349235

#SPJ1

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How much does a construction foreman make in a start up company in Illinois
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Suppose the current price of a good is $55. At this price, the quantity supplied is 165 units, and the quantity demanded is 240
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190

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Explanation:

Equilibrium price is the price at which quantity demanded equals quantity supplied

Equilibrium quantity is the quantity at which quantity demanded equals quantity supplied

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165 + 5x = total change in quantity supplied

240 - 10x = total change in quantity demanded

At equilibrium, quantity demanded equals quantity supplied. So,

165 + 5x = 240 - 10x

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