The lesson of new classical economics for policymakers is that managing aggregate supply has an effect on real GDP only if change is unexpected.
Option a
<u>Explanation:</u>
Aggregate Supply curve defines the relationship between the output quantity and the price levels. If short-run curve shifts to the right, GDP increases and price level decreases and if it shifts to the left, GDP decreases and price level increases.
The reason is as follows,
Since the Aggregate Supply curve at full employment level of output is vertical, any changes in Aggregate Demand will only affect price and not real GDP. However, any unexpected changes in Aggregate Supply will influence real GDP.
Answer:
The correct answer is letter "C": low impact.
Explanation:
Lebanese researcher Nassim Taleb (born in 1960) dedicated his life to studying problems of luck, uncertainty, probability, and knowledge. In his book "<em>The Black Swan</em>" (2007) Taleb mentions that small causes have large effects. When relating it to businesses, Taleb indicates that low impact businesses are those that keep in monetary terms what they cannot acquire. In front of risks, they only tend to ingest 10% of the assets of the business.
The factor that determines the goods and the services that are produced by a country is the wants of the citizens.
<h3>What is want in economics?</h3>
This is a term that has to do with the goods and services that are desired by the people of a nation.
The wants of the people are satisfied using the available resources that are in the economy.
Read more on production here:
brainly.com/question/16755022
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Answer:
18.60%
Explanation:
Total labor force = $8 million + $35 million = $43 million
Unemployment Rate = (Unemployed/Labor force)*100
Unemployment Rate = $8 million/$43 million * 100
Unemployment Rate = 0.1860465 * 100
Unemployment Rate = 18.60%