Increased use of current inputs in the production process is the short-term response of aggregate supply to rising demand (and prices).
A company can't, for the short term, build a new factory or introduce new technology to boost production efficiency because the level of capital is fixed.
What is short run and long run aggregate supply?
The intersection of the economy's aggregate demand and long-run aggregate supply curves determines its equilibrium real GDP and price level in the long run. The short-run aggregate supply curve is an upward-sloping curve that shows the quantity of total output that will be produced at each price level in the short run.
To learn more about aggregate supply here
brainly.com/question/29349235
#SPJ4
Answer:
the dollar cost of the annual interest on the government's total debt assuming the interest rate and debt is $356 billion
Explanation:
Dollar cost of annual interest on total debt = Total debt for the year x Average interest rate
= $17.3 trillion x 2%
= $17,300 billion x 2%
= $346 billion
This value is closest to option (2).
Monitor business practices that might lead to monopolies
Answer: A
Explanation: Tariffs are imposed on foreign goods that are bought into a country. There are several reasons for the imposition of tariff such as revenue generation for the government, prevention of dumping, and protecting local industries.
When tariffs and other trade restrictions are placed on a product, it increases the domestic prices of such products. This is a blessing to domestic producers selling similar products because there will be an increase in demand for domestic products
Hop it helped you and you get a good grade on that assignment
