Answer:
Correct option is C.
<u>If the economy is at full capacity, then the AS curve will be vertical</u>
Explanation:
The long-run aggregate supply curve is perfectly vertical, which reflects economists' belief that the changes in aggregate demand only cause a temporary change in an economy's total output. For the short-run aggregate supply, the quantity supplied increases as the price rises.
The full capacity AS curve is a long-run AS curved and it is vertical as the potential output level is denoted by it with the fully employed resources.
Answer:
b) ERP
Explanation:
Enterprise Resource Planning is a business management software that allows an organization to use a system of integrated applications to manage the business and automate many office functions related to technology. A typical example of an ERP is SAP ERP.
Economists call GDP that uses constant, unchanging prices as
<u>Real GDP</u>
Explanation:
- Real gross domestic product (real GDP for short) is a macroeconomic measure of the value of economic output adjusted for price changes . This adjustment transforms the money-value measure, nominal GDP, into an index for quantity of total output.
- It is calculated using the prices of a selected base year. To calculate Real GDP, you must determine how much GDP has been changed by inflation since the base year, and divide out the inflation each year.
- Real GDP accounts for the fact that if prices change but output doesn't, nominal GDP would change.
- The real economic growth, or real GDP growth rate, measures economic growth as it relates to the gross domestic product (GDP) from one period to another, adjusted for inflation, and expressed in real terms as opposed to nominal terms
The answer to this question is "SAVVY" which also means practical knowledge. <span>Being SAVVY means knowing what computers can do, its functionalities, and what they can't, knowing how they can benefit the people especially the students and how they can harm you, knowing when you can solve computer problems and when you have to call for help.</span>
Answer:
I myself don't know
Explanation:
but hope someone can help you with the answer
