The vertical, long-run aggregate supply curve indicates that the long-run level of economic output is dependent upon stock of productive factors. The supply curve illustrates the relationship between the price of an item or service and the volume delivered over a specific time period.
In a typical scenario, the amount supplied will be shown on the horizontal axis and the price will be shown on the left vertical axis. For the products with greater elastic supply, the supply curve is shallower near to horizontal factors, whereas for products with less elastic supply, the supply curve is steeper the closer to vertical.
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Answer:
I strongly believe that is a <u>combination of both.</u>
Explanation:
External forces only exist because of the culture, and if the culture is dysfunctional, evidently we'll witness deviant behaviors. A culture that praises for consumerism, to overthrow traditional values such care, respect and regard of the family can only lead to deviant behavior, once young people and the general people as well, don't have any reference, because these references were destroyed. So, they try to create their references based on what they see or consider important.
The Trustees asked the House of Commons to replace the Act of 1735 with one that would permit slavery in Georgia as of January 1, 1751. The legislation they recommended was adopted.
1751
