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theories attempted to explain why SRAS curves slope upwards.
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- Different theories attempt to explain why SRAS curves slope upwards. Identify and explain these theories explaining what they have in common.Which of the following is an example of a macroeconomic indicator? A)The price of a specific product B)The income of an individual household C)The unemployment rate D) The sales of a particular companyExplain the purpose of trend line
- Clearly explain the derivation of the LM curve. In your explanation, you should distinguish between the traditional, positive-sloping LM curve and the modern horizontal LM curve. No graphs are required.Show the change, if any, from SRAS SRAS1 with an arrow indicating direction of change and explain why the change. Use short-run AD and AS analysis to illustrate the results of the following events. Then explain why ese changes have taken place. Each answer should be accompanied by a clearly labeled diagram. (A) There is a 25 percent decrease in the price of crude oil. SRAS SRAS, PRICE LEVEL AD REAL GDP (B) Price levels in Germanyand Great Britain considerably, while price levels in the United States remain unchanged . AD 1 AD SRAS PRICE LEVELGive an economic relationships ( with one response and one explanatory variable) in which correlation is possible. Discuss why autocorrelation exist in the relationship.