Describe why the aggregate supply curve becomes
Describe why the Aggregate Supply curve becomes increasingly steeply sloped at the levels of RGDP near "full employment" and becomes especially steeply sloped beyond the "full employment" RGDP.
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Assume the worker productivity increased at the rate of 1.9% per year. If the labor force grew by 1.5% per year, discuss what rate of increase in the RGDP would be sustainable without increasing the inflation pressures?
Describe why the inflation rates are likely to rise when an economy expands beyond full employment capacity output. Illustrate an aggregate supply-aggregate demand diagram to illustrate your answer.
How many non-negative integer solutions are there to the equation x1+x2+x3+x4+x5=13
Describe why might the rate at which the Aggregate Supply curve shifts vertically upward increase when an economy produces beyond full employment.
If we are trying to maximize economic efficiency, which one of the following statements is true? Imply the extraction of all of a resource now as long as interest rates are positive
Under which one of the following conditions will economic theory indicate that a resource should be consumed in the current period?
Delta Dawn's Bakery is considering purchasing a new van to deliver the bread. The van will cost $21,500. Two-thirds of this cost will be borrowed. The loan is to be repaid with four equal annual payments based on an interest rate of 4%/year.
Arlisle Company has been cited and must invest in the equipment to reduce the stack emissions or face EPA fines of $19,500 per year. An emission reduction filter will cost $60,000 and will have an expected life of five years.
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