Answer: Option (c) is correct.
Explanation:
Correct Option - An increase in the state of technology.
The aggregate supply curve in the long run is a vertical line and parallel to the y-axis. |t is perfectly inelastic in the long run.
Now, if there is increase in the money supply in the economy then this will increase the aggregate demand in the short run. Hence, aggregate demand curve shift rightwards, as a result real GDP increases in the short run and move beyond the potential level of real GDP.
Also, there is a creation of inflationary gap in the economy, as a result real GDP shifts back to its initial position at potential real GDP. So, there is no increase real GDP in the long run.
Similarly, decrease in interest rates and an increase in government spending will also results in inflationary gap in the economy. Therefore, doesn't affect the real GDP in the long run.
But an increase in the state of technology is capable of increasing real GDP in the long run. Improvement in the state of technology will shift the long run aggregate supply curve rightwards, as result there is an increase in potential GDP in the long run.
The first answer is is outsourcing as the product is beign made in a foreign country and they do this to reduce production cost, where they do not have to gather raw materials for themselves.
Signature this is to clarify and confirm who the person is thats writing the application
A disadvantage of the corporate form of organization is the tax treatment.
<h3>
What is the tax treatment?</h3>
- Tax Structure refers to any fact that may be pertinent to comprehending the alleged or claimed Federal income tax treatment of the transaction.
- Tax Treatment refers to the asserted or claimed Federal income tax treatment of the transaction.
<h3>What is the transfer of ownership?</h3>
- An agreement is known as a "transfer of ownership" is used to legally transfer ownership of goods sold by one person (the Seller) to the buyer (the Buyer).
- These contracts can be used to sell products, businesses, cars, or even real estate.
<h3>What is professional management?</h3>
- Professional management is the process by which the program designs, organizes, approves, and monitors the execution of the care plan.
Therefore, a disadvantage of the corporate form of organization is the tax treatment.
Know more about income tax here:
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