1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ankoles [38]
2 years ago
13

The Short-run Aggregate supply (AS) slopes up, because _______________________________________, firms have an incentive to produ

ce more to earn higher profits. Select the correct answer below: 1.as the price level for outputs falls, with the price of inputs remaining fixed 2.as the price level for outputs rises, with the price of inputs remaining fixed 3.as the price level for outputs rises, with the price of inputs rising too4. as the price level for outputs falls, with the price of inputs increasing
Business
1 answer:
QveST [7]2 years ago
6 0

Answer:

2. as the price level for outputs rises, with the price of inputs remaining fixed

Explanation:

In the short run, the aggregate supply curve slopes upwards because the price of goods and services, or in other words, the price of the ouputs that firms produce, is expected to rise, incentivizing firms to produce more.

On the other hand, the price of inputs, and especially, the price of labor (wages) will remain the same in the short-run because wages are sticky, and do not respond to market forces as quickly as the price of goods and services.

Therefore, if what the firm sells is increasing in price, but the labor it hires continues to have the same wage, the firm has even more incentive to produce more, because it will make a higher profit due to the difference between sales revenue and wage expenses.

You might be interested in
When a contractor seeking external projects prepares to submit a proposal, it is really conducting a small project with the prim
irina [24]

Answer: True

Explanation: By conducting a small project as a proposal, a contractor is actually showing in a small scale that he is both capable, is the right man for the job (external project) and is able to ensure the external project is completed with its goals and objectives accomplished. It is these goals that drive the project, and all the planning and implementation . As such, the project has to be compelling and complete.

True gives the answer to the question.

3 0
3 years ago
Read 2 more answers
How did the constitution differ from the articles of confederation? Match the correct document on the left to each of the featur
Bumek [7]

How the constitution differs from the Articles of the Confederation.

The Constitution of the United States was created on September 7, 1787, and ratified on June 21, 1788. It is the present constitution of the United States, although it has been amended many times.

The Articles of Confederation were the first introduced constitution of the United States. It was created on November 15, 1777, and ratified on March 1, 1781.

<h2>Further Explanation</h2>

The Constitution of the United State operates the bicameral legislature, which consists of the senate and the House of Representatives. It is also known as CONGRESS. There are up to 2 senators from each state and the numbers of representatives depend on the actual population of each state. Members of Congress are elected by the people and the voting in congress is one vote per one representative. There is also an executive arm of government headed by the PRESIDENT.

The Articles of Confederation operates unicameral legislature, also known as the CONGRESS. There are 2 to 7 members that represent each state. The voting pattern in congress is one vote per state and the members of congress are appointed by the state legislators. The executive arm of government is not recognized in the articles of the confederation.  

LEARN MORE:

  • What is a constitution brainly.com/question/13355538
  • the Articles of Confederation brainly.com/question/2786803

KEYWORDS:

  • articles of the confederation
  • constitutions
  • united states
  • president
  • executives
  • legislators
  • bicameral
  • unicameral
5 0
2 years ago
Read 2 more answers
Identification of problems is challenging. What portion of an MIS system would make managers aware of promotions that are cannib
ICE Princess25 [194]

Answer:

Internal reports system.

Explanation:

7 0
3 years ago
Only one of the approaches to ethical reasoning has as its central tenet that actions are more right if they promote more happin
Mice21 [21]

Answer:

A. End-result ethics

Explanation:

7 0
2 years ago
The major difference between nominal GDP and real GDP is: nominal GDP measures the value of output with constant output levels,
Andrei [34K]

Answer:

The correct answer is "nominal GDP measures the value of output in current-year prices, while real GDP measures output using constant prices."

Explanation:

The real GDP growth is the value of all goods produced in a given year; nominal GDP is the value of all the goods taking price changes into account.

The nominal GDP is the value of all the final goods and services that an economy produced during a given year. It is calculated by using the prices that are current in the year in which the output is produced. The nominal GDP takes into account all of the changes that occurred for all goods and services produced during a given year. For example, a nominal value can change due to shifts in quantity and price.

The real GDP is the total value of all of the final goods and services that an economy produces during a given year, accounting for inflation. It is calculated using the prices of a selected base year.

The correct answer is "nominal GDP measures the value of output in current-year prices, while real GDP measures output using constant prices."

7 0
3 years ago
Other questions:
  • Both Coca Cola and Benetton are global enterprises. Conduct online research and answer the following questions: What characteris
    5·1 answer
  • Sonny's Surfer Shop produces and sells custom surf boards. Assume that labor is the only input that varies for the firm. The fir
    9·1 answer
  • Which of the following is not counted as a part of GDP?
    10·1 answer
  • What document is a roadmap to help the facility executives reach the facility's goals?
    14·1 answer
  • A(n) ______ is a type of compensation arrangement where an agency charges a client a fixed monthly amount of money for all of it
    14·1 answer
  • 1. What is global business?
    11·1 answer
  • "Clothing maker The Gap states that its purpose as an organization is to "create emotional connections with customers around the
    10·1 answer
  • Dylan has a standard set of questions he asks all applicants during an interview. What type of interview does dylan conduct
    9·1 answer
  • National income equals:_______.
    11·2 answers
  • The term _____ refers to a business's obligation to maximize its positive impact and minimize its negative impact on society.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!