Answer: C)
Explanation:
- Fixed prices and costs are not changing over time and they are not depending on the level of services, stuff or goods that are increasing the business of the company. They are often time-related, in this case, every month. The company is paying one same amount of rent and that price is not changing during those months when it has to be paid.
Fixed costs are considering, for example, insurance, property taxes, rent, salaries and more.
Ibn Rushd maintains that the allegorical interpretation of scripture is popular among lawyers, theologians, and philosophers and that it has been recognized by all Muslims for a very long time; Muslims merely debate the degree and validity of its usage.
This is further explained below.
<h3>Who is Ibn-Rushd?</h3>
Generally, Ibn Rushd was an Andalusian polymath and jurist who wrote about a wide range of topics. These topics included philosophy, theology, medicine, astronomy, physics, psychology, mathematics, Islamic jurisprudence and law, and linguistics. Ibn Rushd is also known as Averroes, which comes from the Latinization of his name.
In conclusion, All Muslims, according to Ibn Rushd, have always acknowledged the possibility of allegorical interpretation of scripture; Muslims merely vary on the degree and appropriateness of its usage.
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The correct answer is A) the price level and aggregate demand.
The position of the long-run aggregate supply (LRAS) curve is determined by the price level and aggregate demand.
When talking about economics, aggregate supply is the entire supply of goods and services that companies plan to sell in a determined period at a given price in that economy. This Aggregate supply establishes the relationship between the price level and the production of the market. In simpler terms, the aggregate supply is the entire sum of goods and services provided at a given price and in the graphic intersects with the aggregate demand to decide the balance quantity provided and price.