What is the long run aggregate supply curve

Q: Why unemployment results when Aggregate Demand is lesser than Aggregate Supply in the economy?

A: Aggregate demand refers to the total demand for the finished goods and services in an economy—the…

Q: What stage in the business cycle does the shift in Aggregate Demand represent?

A: Aggregate demand refers to the total expenditure that all the sectors of the economy are planning to…

Q: What is A Dynamic Aggregate Demand and Aggregate Supply Mode ?

A: Aggregate supply refers to the total amount of goods and services supplied in the economy at given…

Q: Explain how the aggregate demand curve is derived.

A: The aggregate demand shows the relationship between price level and quantity demanded. That is,…

Q: Why does the effect of a given increase in aggregate demand have a larger effect on real output in…

A: Answer: Introduction: In the short run, the output can be increased by employing more laborers. In…

Q: Discuss the various factors affect aggregate supply curve shift.

A: The aggregate supply curve is one of the most determinant of the determination of the output or the…

Q: Explain the difference between long run and short run aggregate supply. Why do economists…

A: Aggregate supply is defined as the total amount of goods produced and offered for sale by the…

Q: What does an aggregated demand curve look like?

A: Aggregate Demand is the total quantity of all goods and services demanded by all people in the…

Q: Why is the long run aggregate supply (LRAS) curve vertical? Explain using appropriate diagram.

A: The Long-Run Aggregate Supply (LRAS) refers to the level of total output an economy can sustainably…

Q: Create a graph that shows where Mexico currently is on the business cycle. Be sure to include an…

A: Mexico is currently running into recession attributing the pandemic situation and fiscal tightening…

Q: Which affect both the long-run and short-run aggregate supply curves? Choose all that apply. Group…

A: The LRAS curve and the SRAS curve depict the total output produced in an economy (Q) and the price…

Q: What shape is the long-run aggregate supply curve? Why does it have this shape?

A: An economy attains equilibrium when aggregate demand is equal to the aggregate supply.

Q: Why is an economy not in equillibrium when aggregate demand is not equal to aggregate supply?

A: Aggregate demand (AD) is the sum total amount of commodities and services demanded in an economy at…

Q: Does the AD curve shift?

A: AD (Aggregate demand) depicts sum dd (demand) for the nation and how it interconnects at the level…

Q: s it better to concentrate on aggregate demand or aggregate supply in a recession?

A: A recession is a phase of contraction of the business cycle when there is a general fall in economic…

Q: What determines aggregate supply in the short run and what determines it in the long run?

A: Aggregate supply refers to the whole quantity of products and services generated within an economy…

Q: The following table lists several determinants of aggregate demand. Complete the table by indicating…

A: The measure that depicts the value of final goods and services being produced in an economy during a…

Q: Give examples of the factors that shifts the Aggregate Supply Curve.

A: Aggregate supply refers to total supply of all the goods and services in an economy during the given…

Q: Explain in detail why the aggregate short-run aggregate supply curve is upward sloping?

A: According to classical macroeconomic theory, the aggregate supply curve is perfectly vertical in the…

Q: Explain the factors that shifts the Aggregate Supply Curve

A: Aggregate supply refers to the macroeconomic concept concerned with the total output of the whole…

Q: Analyse the concept of aggregate supply with the aid of a diagram

A: In an economy, the aggregate demand (AD) and the aggregate supply (AS) are the major factors of the…

Q: Why can't an economy generate its own aggregate demand when needed?

A: A system for creating, distributing, and consuming goods is referred to as an economy. The producers…

Q: What causes the aggregate supply curve to have an upward slope in the short run, but a vertical…

A: Total supply of goods and services produced at a given price in a given period of time within an…

Q: The following graph shows an increase in short-run aggregate supply (SRAS) in a hypothetical…

A: "Aggregate supply depicts the total amount of commodities or output sold by producers in a country…

Q: Give examples of the factors that shift the Aggregate Demand Curve.

A: Aggregate demand is the sum of Consumption, Investment , government spending.  So,  AD = C + I + G.…

Q: what is aggregate demand and what are its advantages and disadvantages within a company?

A: Aggregate Demand is the relationship between the quantity of output demanded and the aggregate price…

Q: What are variables that affect AD (also considered the Demand side of GDP)?

A: Aggregate Demand can be defined as total amount of goods and services that the consumers are able…

Q: Briefly explain what effect and why, a slowdown in Technological progress would have on the…

A: A slow down in technological progress would affect the aggregate supply as it is directly related to…

Q: how do you define Aggregate Demand?

A: In economics, demand is defined as the consumer's desire and capacity to purchase a good or service.…

Q: Which of the following causes the aggregate supply curve to shift inward? a. Increase in quantity of…

A: Aggregate demand refers to the total demand for goods and services. Moreover, there is an inverse…