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12345 [234]
3 years ago
8

The long-run aggregate supply curve would shift left if the amount of labor available

Business
1 answer:
liq [111]3 years ago
8 0

Answer:

The correct answer is option a.

Explanation:

The long run aggregate supply curve is inelastic and vertical in shape. The reason behind this is that in the long run the output level is not affected by the change in price level. It is rather affected by the quantity of inputs.

A leftward shift in the long run aggregate supply means that the output level is decreasing. This decrease in input in this case is either because of decrease in quantity of labor available,or because of increase in minimum wages the firms are hiring less labor.

So, option a is the correct answer.

You might be interested in
When comparing a 10-year bond versus a 1-year bond, the 10-year bond has a much greater interest rate risk. True or false?.
ValentinkaMS [17]

True,When comparing a 10-year bond versus a 1-year bond, the 10-year bond has a much greater interest rate risk

<h3>What is bond?</h3>

A bond is a sort of financial security in which the issuer owes the bearer a debt and is obligated to repay the principle of the bond as well as interest over a specified period of time, depending on the terms. Interest is normally paid at regular intervals.

Bonds are one way for businesses to raise funds. A bond is a loan made between an investor and a firm. The investor agrees to contribute the corporation a particular sum of money for a set length of time. In exchange, the investor receives interest payments on a regular basis.

To know more about bond follow the link:

brainly.com/question/25965295

#SPJ4

5 0
2 years ago
After answering a summons and complaint,Mike received a set of written questions from the plaintiff's attorney.He was directed t
777dan777 [17]

Answer:

The correct answer is letter "D": interrogatories.

Explanation:

An interrogatory is a set of questions the defendant is requested to answer before the trial in which some facts that are about to be presented in front of the court are explained. Interrogatories are part of the discovery stage of legal cases in which both the plaintiff and the defendant share information about the key facts of the case filed.

7 0
3 years ago
Do you think the price elasticity of demand for Ford sport-utility vehicles (SUVs) will increase, decrease or remain the
olga nikolaevna [1]

a. When other car manufacturers begin to make SUVs, the price elasticity of demand for Ford's SUV will increase. This is because the options consumers have has also increased.

b. When import is banned, the price elasticity of demand for Ford's SUVs will decrease. This is because there are less substitutes for  Ford's SUVs. Consumers would now have limited choices.

c. As a result of the ad campaigns,  the price elasticity of demand for Ford's SUVs will decrease. This is because other cars would be considered to be les safe when compared with the Ford SUVs.

d. Overtime, the price elasticity for Ford Cars will increase as there would be more substitutes

Price elasticity of demand measures how quantity demanded responds to changes in the price of a good

<em>Types of price elasticity </em>

  1. Elastic demand : this means that quantity demanded is sensitive to changes in price. Coefficient of elasticity is greater than 1
  2. Inelastic demand : this means that quantity demanded does not respond much to change in price.  Coefficient of elasticity is less than 1

To learn more about demand elasticity, please check: brainly.com/question/13565779?referrer=searchResults

8 0
1 year ago
Consider 2 companies, each selling athleticware and each with a focused differentiation strategy. It is NOT possible for both of
Scorpion4ik [409]
It is possible 1 may sell more than the other or may be somewhat equal I would say false because the companies have different strategies they may each do better things than the other in certain aspects. I would say False but I apologize if I am wrong
3 0
3 years ago
In the study of geomorphology, why do we primarily concentrate on processes rather than on distribution patterns by latitude?
4vir4ik [10]
In the study of geomorphology, processes like weathering and erosion are key to how the rocks will be sculpted by natural forces to produce interesting landforms like buttes and mesas for example. The distribution of geomorphological features like say the Amazon River by latitude is important but the process that shaped the landforms is more important as to how it got its present configuration.
5 0
3 years ago
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