Aggregate supply is represented as a schedule or curve showing the relationship between the nation's price level (index) and the amount of real domestic output that firms in the economy produce.
The whole supply of products and services produced within an economy at a specific overall price over a specific time period is known as aggregate supply, also known as total output.
In other words, Aggregate supply is the total amount of items produced over a specified time period at a particular pricing point.
The relationship between price levels and the amount of output that businesses are prepared to produce is depicted by the aggregate supply curve.
Usually, the level of prices and total supply have a positive connection.
Demand growth or decline has the biggest impact on short-term changes in aggregate supply.
New technology or other developments in an industry have the biggest impact on long-term changes in aggregate supply.
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Answer: Employed.
Explanation:
Daryl is employed, because he has a job, where he works 15 hours a week. The job although it is not a full-time job still is a form of employment, where Daryl works and is paid.
Answer:
copyright.
Explanation:
Intangible resource do not have any physical attributes and therefore are invisible, can not be seen but can only be felt. Accordingly, from the choices provided, equipment, cash, land and inventory are all physical resources and hence are called tangible resources. Only copyright fall under intangible resource. Hence the correct answer is copyright.
The answer would be : d. both buyers and sellers
According to Adam Smith, the participation from buyers and sellers in the free trade will always resulted in the best possible outcome for both parties since most of the deal will happen in the equilibrium range of the market
hope this helps
Answer:
$75
Explanation:
The true cost of going to a concert is $75 because that is its economic cost. Economic costs include accounting costs and opportunity costs. In this case, if you are able to purchase a $25 ticket, you can resell it for $75 (opportunity cost = $50), you the true cost is the resale price.
