1 explain how an economy with a shortshyterm equilibrium, Ask an Expert

Economics

1. Explain how an economy with a shortterm equilibrium below the longterm equilibrium will adjust to bring the two into alignment.

2. Explain how an economy with a shortterm equilibrium above the longterm equilibrium will adjust to bring the two into alignment.

3. Explain why an increase in government spending has the longterm effect of increasing the price level.

4. Describe the shortrun and longrun effects of a sudden decrease in consumer spending and explain how these effects are created.

5. Describe the shortrun and longrun effects of a law limiting the flexibility of wages and explain how these effects are created.

6. Describe the shortrun and longrun effects of a reduction in wages and explain how these effects are created.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91697236

Have any Question?Write your Review or question?

Related Questions in Business Economics

A governments department of transportation reported that in

A? government's department of transportation reported that in? 2009, airline A led all domestic airlines in? on-time arrivals for domestic? flights, with a rate of 83?%. Complete parts a through e below. a. What is the p ...

Determine the sample size n needed to construct a 99

Determine the sample size n needed to construct a 99?% confidence interval to estimate the population mean when σ=24 and the margin of error equals 9.

What are the characteristics of perfect competition and

What are the characteristics of perfect competition, and does is exist in the real world?

Why does the marginal cost curve always intersects the

Why does the marginal cost curve always intersects the average total cost curve and AVC?

1 for each of the following write out the null and

1. For each of the following, write out the null and alternative hypotheses, and indicate whether it is a one-tail or two-tail hypothesis test a) Do Canadian children whose parents are librarians do better than Canadian ...

What is the theory of consumer choice and how it consumers

What is the theory of consumer choice and how it consumers facing trade-offs make decisions and how they respond to changes in their environment?

Matt sells watermelons on the side of the road the weight

Matt sells watermelons on the side of the road. The weight of a watermelon has a normal distribution with mean = 9.5 lbs and the standard deviation = 4 lbs. If he loads 100 watermelons on to his truck, what is the probab ...

Now assume that this market becomes perfectly competitive

Now, assume that this market becomes perfectly competitive. The production process for the good does not change. So, all firms have the same cost curves as the monopolist. Reference from: Q3. A monopolist in the sugar ma ...

Doing research for insurance rates it is found that those

Doing research for insurance rates, it is found that those aged 30 to 49 drive an average of 38.7 miles per day with a standard deviation of 6.7 miles. These distances are normally distributed. If a group of 60 drivers i ...

Robust data loading poses a challenge in database systems

Robust data loading poses a challenge in database systems because the input data are often dirty. In many cases, an input record may have several missing values and some records could be contaminated (i.e., with some dat ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert