Classical economists believe:

1 answer:

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

Explanation:

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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Locate an article online from a news source that illustrates at least one determinant of supply. Write a summary of the article,

S_A_V [24]

As for the article I found this source: http://revistascientificas.udg.mx/index.php/MYN/article/view/6646/6179

To achieve the summary, you should at least read some part of the article and briefly explain how they identify that efficiency, responsiveness, flexibility, quality of food and quality in the process, and deterministic and business models are those that are often used to measure the performance of a supply chain. (at least one of them)

The supply chain can be defined as a network of independent organizations and connected with mutual work and cooperation between them in order to control, manage and improve the flow of materials and information from the supplier to the consumed. The emphasis on measuring the performance and efficiency of supply chains in order to identify in what or what links are the problems and how to solve them.

If you need more help ask me! Hope it helped

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3 years ago

An economic expansion caused by a shift in aggregate demand remedies itself over time as the expected price level a.falls, shift

Ugo [173]

A shift in aggregate demand can cause an economic expansion and over time the effect on the expected price level is rising and shifting aggregate supply to the left. Hence, the correct option is (D).

<h3>What is Aggregate Demand?</h3>

Aggregate demand is a measurement of the demand that occurs for a product or service in a nation. The measure used in aggregate demand is money. Therefore, aggregate demand will show the amount of money spent by consumers on a good or service at a certain price level. Aggregate demand measured over a long period of time will also reflect gross domestic product (GDP).

Learn more about aggregate demand at brainly.com/question/1490249

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1 year ago

Dr. Richardson says, "There is no such thing as an absolute threshold because stimulus detection depends on a number of factors

labwork [276]

Answer:

Signal detection theory 

Explanation:

In psychology, signal detection theory is also referred to as detection theory and it is described as a phenomenon to measure of identifying the capability of a person to differentiate between random patterns and information-bearing patterns that tend to distract from a piece of particular information.

In other words, it is described as a state in which the detection of a specific stimulus depends on the psychological or physical state of the person as well as the intensity of the given stimulus.

In reference to the question, Dr Richardson is most likely an advocate the signal detection theory.

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3 years ago

What are some advantages and disadvantages to being a chef?

igomit [66]

The advantages of being a chef are the feelings of satisfaction you have every time someone is pleased with your food. ... The disadvantages of being a chef are thehours. Chefs work late into the night. They remain standing for hours and risk thehazards of a kitchen (i.e. burns, cuts, slips).

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3 years ago

What is the purpose of the World Health Organization (WHO)?

hammer [34]

Explanation:

The WHO grants resources to monitor diseases and research new illnesses.

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3 years ago

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