36 in the diagram, the economy's short-run as curve is line ___ and its long-run as curve is line ___.

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In the diagram, the economy's short-run as curve is line ___ and its long-run as curve is line ___.

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The economy's long-run AS curve assumes that wages and other resource prices eventually rise and fall to match upward or downward changes in the price level. In the diagram, the economy's short-run AS curve is line ___ and its long-run AS curve is line ___.

The CBO analysis, dated Feb. 11 and sent to Sen. Judd Gregg (R-N.H.), says the $787-billion plan will increase employment in the short-term, but will run up deficit spending which will "crowd out" private investment in the economy in the long-term.

In the diagram, the economy's short-run as curve is line ___ and its long-run as curve is line ___..

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Long-Run Aggregate Supply. The long-run aggregate supply (LRAS) curve relates the level of output produced by firms to the price level in the long run. In Panel (b) of Figure 22.5 “Natural Employment and Long-Run Aggregate Supply”, the long-run aggregate supply curve is a vertical line at the economy’s potential level of output.

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In the diagram, the economy's short-run AS curve is line ___ and its long-run AS curve is line ___. 2; 1 Answer the question on the basis of the following table for a particular country in which C is consumption expenditures, Ig is gross investment expenditures, G is government expenditures, X is exports, and M is imports.

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Answer Option 4 The short-run AS curve is upward slopi …. View the full answer. Transcribed image text: In the diagram, the economy's short-run AS curve is line , and its long-run AS curve is line is 3:4. Previous question Next question.

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Answer: The decline in the labor supply shifts the long-run aggregate supply curve to the left, causing the price level to increase and output to decline. 23) Suppose the economy is initially in long-run equilibrium. For each of the shocks listed below, explain the short-run effects on output and the price level.

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Nov 17, 2021 · In the diagram, the economy's short-run as curve is line ___ and its long-run as curve is line ___.. In the diagram the economys immediate short run as curve is line its short run as curve. Refer to the diagrams in which ad 1 and as 1 are the before curve s and ad 2 and as 2 are the after curve s. In the diagram the economys short run as curve is.

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Relationship of the Short-Run Average Cost Curves and the Long-Run Average Cost Curve LAC: In the short run, some inputs are fixed and others are varied to increase the level of output. The long run is a period of time which the firm can vary all its inputs. In long run none of the factors is fixed and all can be varied to expand output.

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