The third phase of the Keynesian LRAS Curve shows the economy at full employment. This means that the factors of production are being used at full capacity.
<h3>What do you mean by long-run aggregate supply?</h3>
Long-run aggregate supply can be defined as the output that an economy can produce while using all the factors of production and operating at full employment level.
The third phase of the Keynesian LRAS curve shows that the economy is at full employment which means that factors of production are being used at full capacity.
Therefore, B is the correct option.
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Answer:
The correct answer is : moral principles are merely cultural conventions
Explanation:
We have to take into account according to this argument that Ethics are a group of principles that leads a persons and his or her behaviors. They are established based on social rules, cultural thoughts and religious influences. This reflects beliefs about what is right and what is wrong talking about human behavior.
Answer:
For the Jeffersonian Republicans, it was necessary to bring some different ideas to their mind after 1801, they accepted some federalist ideas due to the fact that after the government of Jefferson and Madison it was hard to distinguish between the ideas of the two parties
Explanation:
For the Jeffersonian Republicans, it was necessary to bring some different ideas to their mind after 1801, they accepted some federalist ideas due to the fact that after the government of Jefferson and Madison it was hard to distinguish between the ideas of the two parties, since they had to share a lot of concepts for the constitution's construction. Jefferson for example, adopted some federalist conceptions when he bought some land that he was offered for the benefit of the country. He did so, even though the constitution was not strictly established or allowed for the purchase of land by the president.
On the other hand, at the same time the federalists adopted a strict constructionist position, arguing that the purchase of land by the president was not allowed by the constitution.
Also Madison, who was considered a federalist, acted according to republicans ideas when he refused to sign a congress project that proposed to destinate some money for the construction of roads, he said that idea was against the constitution and he had to reject it.
That is why, at that moment of politics it was hard to distinguish the ideas of the two parties that had been before so strict, but at that moment everything changed.
