The aggregate supply curve shifts to the left as the price of necessary inputs rises, potentially resulting in lower output, higher unemployment, and higher inflation.
alterations in the overall supply
The aggregate supply/demand model illustrates the macroeconomic interactions between total supply and total demand as well as the factors that influence either total supply or total demand for the economy.
The aggregate supply curve moves to the right when productivity increases or the cost of necessary inputs lowers, allowing for a combination of lower inflation, increased production, and less unemployment.
The aggregate supply curve shifts to the left as the price of necessary inputs rises, potentially resulting in lower output, higher unemployment, and higher inflation.
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Black, so A. you look slimer and B. they are very practical.
High employment is a good way to keep our economy healthy, along with price stability. An example of price stability would be the following:
Someone would steal an item at a store. They keep coming back to steal more and more until the store begins to notice. This makes paying workers more difficult, as there isn't much profit to be made with the limited stock. This makes workers quit, causing less cash flow into the economy,.
When we make bad financial decisions our economy is effected in the following ways:
Someone could take a loan, become unable to pay it back, and get into a financial debt. It becomes worse and uncontrollable the longer it goes unpaid. Eventually this debt may lead to bankruptcy.
Answer:
Productivy would go up only as long as some of the workers can become competent managers.
Explanation:
The problem with worker ownership of the means of production (the firm), which is what socialism is about, is that workers do not necessarily have managerial skill, and as result, are likely to be unable to run the company efficiently.
In case this does not happen, and the workers manage to run the company well, GDP would increase because productivity in the firm would rise. Inflation would likely fall down because more productivity means more output of goods and services, and inflation tends to have a inverse relationship with output (although it also depends on other variables like the rate of growth of the money supply).
Finally, another macroeconomic variable that would positively affected is employment rate, because a more efficient company would likely require new workers.
Answer:
The correct answer is B,false
Explanation:
Opportunity cost is naturally the cost of alternative forgone,that is the benefits ignored as a result of taking a particular course of action.
Obviously,the opportunity cost of the bouffe to Betty is the practicing calculus problems for her math examination that she could not partake in.
The opportunity cost would only be the practicing session missed if Betty was able to pass the examination,otherwise the opportunity becomes bigger if she fails the exam to include the costs of paying and preparing for another examination
