Answer: eventually rise and fall to match upward or downward changes in the price level.
Explanation:
Long-run aggregate supply (LRAS) curve simply shows the long-term output for a country. In the long-run, it should be noted that the aggregate supply curve is vertical, which shows that the changes in the aggregate demand will only result in a temporary change with regards to the total output of the economy.
The aggregate supply curve of an economy assumes that the wages and other resource prices eventually rise and fall to match upward or downward changes in the price level.
Therefore, the correct option is A.
Answer: B. CONFLICT PERSPECTIVE
Explanation:
CONFLICT PERSPECTIVE
This theory which was opined by Karl Marx suggests that society keeps competing for limited resources and as such is in continuous conflict.
According to this theory, individuals and groups within society work to maximize their benefits and hold onto wealth by any means necessary including the disregard of the health and safety of athletes in this scenario.
1. revenue 2. income 3. graph 4. equity 5. balance sheet 6. income taxes
Answer:
We do this so that people can see your business and how it is
Answer:
B) government spending and taxes that automatically increase or decrease along with the business cycle.
Explanation:
The two most common automatic stabilizers are: income taxes and unemployment benefits.
When the economy is strong, people make more money, and income tax revenue automatically increases.
On the contrary, when the economy is weak, or in recession, people earn less, and more of them are unemployed. Unemployment benefits therefore increase accordingly.
