The long-run aggregate supply curve shows the relationship between price level and real GDP.
<h3>What is the supply curve?</h3>
It should be noted that the information is incomplete. Therefore, an overview will be given. The supply curve is a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period.
In this case, in a typical illustration, the price will appear on the left vertical axis, while the quantity supplied will appear on the horizontal axis.
The long-run aggregate supply curve shows the relationship between price level and real GDP that would be supplied if all prices were fully flexible.
The position of the long-run aggregate supply curve is determined by the aggregate production function and the demand and supply curves for labor.
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Answer:
increase total assets by $1,300.
Explanation:
The net effect is shown below
The first entry is
Cost of goods sold Dr $2,300
To Merchandise Inventory $2,300
(Being the cost of inventory is recorded)
Now the second entry is
Account receivable Dr 3,600
To Sales revenue 3,600
(Being the sales is recorded)
Now the net effect is
= 3,600 - 2,300
= 1,300
This 1,300 reflect the increase in the total assets
Competitive pay is pay that is comparable to or better than the market value of a position.
Answer:
C. Enjoy the small success you achieve
Explanation:
A sure way of boosting self-esteem is to be nice to once self. One should focus on their positive side by appreciating who they are and their success so far. Comparing oneself with others may not achieve the desired results.
Success brings satisfaction and joy to all of us. Focusing on the little success that one has will uplift their spirits and boost self-esteem.
Answer:
Intermediate Portion.
<em>(Please see image 1 attached)</em>
Explanation:
This portion of the Keynesian aggregate supply model curve depicts the tradeoff between the increase in price levels and the reducttion of aggregate quantity of demanded goods and services.
Currently, the economy still has space for growing as GDP continues to have an incremental trend <em>(Pleas see image 2 attached) </em>therefore the US aggregate demand has not yet reached the Neoclassical portion of the aggregate demand.
