Suppose the economy is currently in equilibrium at output level Q2, but full-employment output is at level Q1. If the government
1 answer:
Answer: P1
Explanation:
In the long-run and even without government intervention, the economy will eventually converge on its long run equilibrium level which is the full employment output level of Q1.
This means that eventually, the aggregate demand in this scenario will go down to AD1 or AS would change such that the long run price will go to P1 as this is the full employment output price level.
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Answer:
Sample size = 384.16 ≈ 385
If we increase the order size to 25,000, there will be no change in the sample size as sample size is independent of the number of orders
Explanation:
Data provided in the question:
Number of sales order received per day = 2500
Confidence level = 95%
Certainty factor for 95% certainty = 1.96
Now,
Sample size =
on substituting the respective values, we get
Sample size =
or
Sample size = 384.16 ≈ 385
If we increase the order size to 25,000, there will be no change in the sample size as sample size is independent of the number of orders