Can you tell me what this means
The difference is the money
The short-run aggregate supply curve is upward sloping because the quantity supplied increases when the price rises. ... As a result, there is a positive correlation between the price level and output, which is shown on the short-run aggregate supply curve.
The short-run aggregate supply curve is upward-sloping because it takes some time for input prices and/or wages to adjust. ... When the aggregate demand curve shifts, there will be a short-run change in output, but no long-run shift in output. The price level will change in both the short run and the long run.
As the price level rises, supply increases as firms expand production to increase profits. And as price level falls, supply falls as firm reduce production. For this reason the short-run aggregate supply curve slopes upward.
I hope this helps!!
Answer:
The answer is explained below.
Explanation:
Gentrification is defined as the process that renews a determined space in a city by rebuilding it or by giving more modern characteristics to an old or abandoned place.
Some of the advantages are the new job opportunities created through this process; also, more security is felt by citizens and more options for food or transportation are available. Taxes will generate a bigger income for the government, meaning that more things could be done with this money. On the other hand, the cost of living rises as the process continues, so poor people are kicked out of the zone and wealthy people buy the properties and turns them into businesses or fancy houses for them or to rent. Gentrification also excludes low-income individuals and people of color.
