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yan [13]
3 years ago
7

Classical economists believe:

Social Studies
1 answer:
icang [17]3 years ago
4 0

Classical economists believe that the long-run aggregate supply curve is vertical, but the short-run aggregate supply curve is horizontal.

<u>Explanation:</u>

Classical economists believe that the economy can self-regulate and achieve balance naturally. It is believed that economic stimulation that affects the GDP or the output depends on the full resources utilization.

When it comes to long-run aggregate supply (LRAS), the factors that affect the GDP are the level of investment, the productivity of labour and level of capital. LRAS curve is vertical and SRAS is horizontal. SRAS is affected by under using of resources such as increasing labour without increasing capital.  

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why should the government introduce more social welfare schemes for the support and care of the senior citizens​
Ad libitum [116K]

before social security and medicare

many old people were left in terrible circumstances because they were too old to work

and in the private sector many companies have cheated senior employees out of receving a pension and a healthcare plan

for example if it took 20 years for an employee to get retirement benefits , in the private sector, they would fire the employees in the 19th year

so many old people before social security and medicare had to eat dog and cat food to survive

many faced living with diseases without getting insurance and treatment

some faced homelessness

economy benefits too in that social welfare schemes help the bottom line and profit margins of hospitals, grocery stores and apartment building owners. since social security income once started comes every month...these sectors of the economy receive some of that money too every month in form of rent, grocery, Co pay, etc

much of the social welfare movement for seniors had started when the government refused to pay for the pensions for those who fought in world war one. thousands of veterans came to Washington DC to protest and fight this injustice. this and other labor protests went noticed by theodore and franklin roosevelt.

franklin roosevelt was the president who really started the social welfare programs for seniors over coming the protests of republicans and probably some in his party

7 0
2 years ago
Do you do work on the outside world when you rub your hands together to warm them? What is the efficiency of this activity?
const2013 [10]

The correct answer would be, No, very little work on outside world.

Very little work on outside world when you rub your hands together to warm them.

Explanation:

When you rub your hands together to warm them up, a friction is created which helps in generating heat within the hands, and in this way the hands are kept warm.

When you rub your hands, the heath goes and disappears within your body, and a very little part of the heat goes into the environment. So this rubbing has a little work on outside world.

As far as the efficiency of this process is concerned, It is very high, as the heat generates and remains within the human body after rubbing and a very little goes on outside world.

Learn more about Friction at:

brainly.com/question/13521136

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Answer:

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A government can influence the economy through regulatory policies. These policies aim to limit what can be done in the marketplace. Regulations cover areas such as banking, insurance and wages. These regulations are designed to protect constitutional rights and ensure safety and fairness. They also protect property rights. Government regulation does not try to give producers an advantage over consumers, nor does it allow producers and consumers to interact completely free of government interference. However, it does try to regulate the economy only when it is needed. This is not always done right, which can lead to overregulation or deregulation.

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Answer:

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Explanation:

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