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a_sh-v [17]
3 years ago
5

The long-run aggregate supply curve a. is vertical. b. is a graphical representation of the classical dichotomy. c. indicates mo

netary neutrality in the long run. d. All of the above are correct.
Business
1 answer:
Gennadij [26K]3 years ago
7 0

Answer:

The correct answer is option d.

Explanation:

The long-run aggregate supply curve is a vertical straight line. This is because, in the long run, the output level is not affected by price changes. Instead, output level changes with the changes in the state of technology and level of inputs. In the long run, when price level increase, the factor prices or price of inputs will increase as well. So there will be no change in output due to the change in the price level.  

The vertical long-run aggregate supply curve also reflects classical dichotomy that in the long run, when all the resources will be fully employed, an increase in the aggregate demand cause the price level to rise while supply remains constant.

It also indicates that monetary policy only affect the price level, the economic output remains constant.

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Natalie is using Monster and CareerBuilder in her job search. These sites are examples of ________.
lorasvet [3.4K]

Answer:

General purpose Job boards

Explanation:

A job board can be straightforwardly defines as a website where employers advertise job openings for job seekers

A general purpose job board as seen in the question can be defined as a website that offers job recruitment services in its entirety.

This means that both employees and employers use the site to search for and advertise job openings to job seekers respectively. Popular job boards include Glassdoor, Linkedin, etc.

Cheers.

3 0
4 years ago
Think of a scene from a popular movie that shows an involuntary exchange (where a buyer or seller is forced to participate). Ide
saul85 [17]

A scene from a popular movie that shows an involuntary exchange (where a buyer or seller is forced to participate) could be in Star Wars, where it fictionally demonstrates the conquest of different planets and galaxies by force, through theft, destruction and violence.

If the exchange were voluntary, the negotiation would take place in a way that is beneficial to both the buyer and the seller, where each would be involved in a legal and ethical agreement to carry out a transaction.

<h3 /><h3>What is the benefit of voluntary exchange for the economy?</h3>

It assists in the positive development of the market, as voluntary exchange ensures that buyers and sellers benefit from an exchange process, which is an essential principle for the global free trade system.

Therefore, voluntary exchange must be promoted in the world economy, where nations exchange resources in ways that benefit local economic development.

Find out more about voluntary exchange here:

brainly.com/question/26349405

#SPJ1

7 0
2 years ago
Examine the market for cell phone providers in South Africa and answer the questions that follow:
Bogdan [553]
The market structure that cellphone service falls into is an oligopoly. This is because telco service providers are only a few the barrier to enter the market is high. The companies can also achieve short run and long run profit. After price fixing, the oligopolist generated lesser total revenue.
6 0
3 years ago
Read 2 more answers
Hopefully you can help me out thank you
gregori [183]

Answer:

16. A 17. B

Explanation:

16. A budget for revenue and expenses shows estimated earnings and estimated costs. It is different from a capital expenditure budget, which shows which assets you are going to invest into for the long term.

17. Budgeting should be done prudently. One should understate when it comes to income and overstate when it comes to expenses, so as to not get losses in the future. It is better to make more profit then have more losses in the future

6 0
4 years ago
Lawson's department store faces a buying decision for a seasonal product for which demand can be high, medium, or low. the purch
Alecsey [184]
<span>I believe that based on the information given , Lawson's should purchase three lots. This will ensure that they are able to make a profit. If they do not have the product they can not profit from it. If they have too much product, they can run a sale to break even after the season.</span>
5 0
4 years ago
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