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.

7 0

3 years ago

________ is an internationally recognized "missing child" safety program in the united states (and canada), originally created b

Paha777 [63]

Answer:

"Code Adam"

Explanation:

Based on the information provided within the question it can be said that the safety program being described is called "Code Adam". Like mentioned in the question this is a safety program activated when there is a missing child within the United States or Canada. This code was named after Adam Walsh, who was an kid from Florida who was abducted and killed from a Sears outlet store on July 27, 1981.

5 0

3 years ago

Because your mother is about to retire, she wants to buy an annuity that will provide her with $75,000 of income a year for 20 y

siniylev [52]

The calculated present value of the annuity is $915,166.70.

Explanation and Solution:

Annuity is a collection of fixed payments made or earned either at the close or at the beginning of any term such that a significant initial payment or receipt may be turned into a set of comparatively minor payments or receipts. An annuity that lasts indefinitely is called perpetuity.

The formula for the present value of the annuity is given by:

$P = \frac{1- (1+i)^{-n} }{i} * R$