Classical economists believe:

1 answer:

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.

You might be interested in

Factors that hinder the development of Ghana

Degger [83]

Answer:

The Ghanaian government has actively encouraged the development of the country's services sector, whose rapid expansion has broadened overall economic growth

Explanation:

3 0

1 year ago

What are 2 ways the bill of rights oppose the idea of the divine right of kings

Evgen [1.6K]

The theory of the Divine Right of Kings<span> aimed at instilling obedience by explaining why all social ranks were religiously and morally obliged to obey their government</span>

4 0

2 years ago

In a baseball game the batter hits the ball into center field and takes off for first base. The catcher can only stand and watch

frez [133]

Answer and Explanation:

The exact time interval between the two different events is the time interval that is measured or calculated by an observer whose position is at rest comparative to the events and watch them taking place at that particular place. The beginning includes the start of the run to first base in the event whereas, the finish of the run to the first a base is the end of the event.

The runner watches the end and the beginning of the event that occurred next to him and hence, the event took place at the same place where the runner was present. The runner is considered at rest relative to his clock.

The exact length of an object is considered to be the length that can be measured by an observer who is believed to be at rest concerning the object.

The catcher is supposed to be at rest relative to the distance between home plate and first base.

4 0

2 years ago

Seven-year-old Jerry was taken in by his loving, suburban grandparents after his mother was jailed for prostitution and selling

Olegator [25]

Answer:

c. plasticity

Explanation:

According to my research on studies conducted by various psychologists, I can say that based on the information provided within the question it is most likely plasticity that played a primary role in Jerry's improved academic performance. This is because this term refers to the ability for nerve cells to change through new experiences. Which is why Jerry's grades started to improve when he was taken in by his grandparents and his home life improved.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0

2 years ago

Page

jasenka [17]

Answer:

There are many problems which arise when festivals are celebrated in my community.

Explanation:

1. Excess sound pollution.

2.Disagreement on each other's ideas to celebrate.

3. Serious accidents caused while preparing for the festival. And so on..

Hope this helps you!

5 0

2 years ago