Ask Question, Ask an Expert


Ask Microeconomics Expert

In the short-run, interest rates fall and GDP rise; however, prices and wages r flexible in the long-run so in this case prices and wages will rise causing price level to rise shifting aggregate demand curve to the right and shifting aggregate supply to the left; therefore, in the long-run effect, interest rates and GDP is unchanged but price level have gone up.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M938219

Have any Question? 

Related Questions in Microeconomics

Assignment description1st forum assignmentbullwhat

Assignment Description 1st Forum Assignment: • What organizational leadership challenges do you see in your industry today? • What organizational leadership challenges do you foresee in your industry 10 years from now? • ...

Discussion questionconduct research on ucc 2-209 and the

Discussion Question Conduct research on UCC 2-209 and the case Cloud Corp v. Hasbro, Inc., 314 F,3d 289 (7th Cir. 2002). Briefly summarize the Cloud Corp case. Discuss whether an employee's email communication form a wai ...

Problem set onefall 20161consider the attached article from

PROBLEM SET ONE FALL 2016 1. Consider the attached article from the Wall Street Journal. It is a great application of the net-benefit cal ...

Question 1 a monopolist has fixed costs fc equal to 250 and

Question 1: A monopolist has fixed costs (FC) equal to $250, and its total costs (TC) are given in Table. The (inverse) demand curve it faces in the market is described by this equation: P = 600 - (11.62)Q. (a) Derive th ...

Assignmentafter read two articles then answer the questions

Assignment After read two articles then answer the questions below Cellini: - How does Cellini criticize Bandinelli's sculpture Hercules and Cacus (1534)? - What technical difficulties does Cellini encounter in making hi ...

Assignment market formsfor this assignment you will do a

Assignment: Market Forms For this assignment you will do a significant portion of work in MS Excel and import it into an MS Word document for submission. You will use the data below to address Price and Output decisions ...

Assignment submit research paper draftthe research paper on

Assignment: Submit Research Paper Draft The research paper on the toll that alternative forms of tobacco have on the supply and demand of the tobacco industry. This would include e-vapors and e-cigs. Finding out if these ...

Answer all of the following questions in microsoft word

Answer all of the following questions in Microsoft Word file with complete questions and answers and attach it. 1. Consider the markets for e-books, e-readers (e.g. kindle), and physical copies of books. For each of the ...

Assignment lasa the costs of productionjoseph farms inc is

Assignment: LASA: The Costs of Production Joseph Farms, Inc. is a small firm in the agricultural industry. They have asked you to help them complete the limited data they have gathered in an effort to enable effective de ...

Questions -q1 consider the market for a course of

Questions - Q1. Consider the market for a course of antibiotics. Suppose the supply of antibiotics follows P = 5 + 2Q S and the demand follows P = 20 - 20 D . Here, Q represents antibiotics, denominated in millions of un ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate