During recessionsa. workers are laid off.b. factories are idle.c. firms may find they are unable to sell all they produce.d. All of the above are correct.
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During recessions
a. workers are laid off.
b. factories are idle.
c. firms may find they are unable to sell all they produce.
d. All of the above are correct.
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- The short run refers to a period: a. of several days. b. during which prices are sticky and unemployment may occur. c. during which capital and labor are fully employed. d. during which there are no fluctuations.For each of the following, please explain each step and show it in the graph! a. Assume an economy is at full employment, but then consumer spending rises. What will most likely happen in the short run?From 1950 - 2007, recessions in the United States A. did not occur. B. became more severe than before 1950. C. became less severe than before 1950. D. were about as severe as they were before 1950
- Toyota contemplating whether to increase production of SUVs based on future consumer demand. Is that micro or macro?Economics Which of the following will reduce the price level and real output in the short run? a. an decrease in oil prices b. technical progress c. an increase in government purchases. d. a decrease in the money supplySub : Economics Please solve fast. i ll upvote. Thank You
- Explain only demand and supply in macro economics. Please also include the graphs. Only short paragraph needed including graphs.The aggregate quantity demand of real GDP A. increases if the price level rises. B. decreases if the price level rises. C. does not change with prices. D. All of the choices above are correct.The long run in macroeconomics is the period of time in which prices do not change or do not change very much. True False Cliok to select your answer.
- Please Solve Fast I Give upvote. Draw the graph of CS and PS before and after demand increase. CS and PS increase or decrease? Who will be gain/hurt?If the economy goes into a recessionary gap, a) What will be the effect on the labor market? b) What will happen to wages in the long run? 3.When an economy is at the peak of the business cycle _____________. a. GDP remains unchanged b. GDP level will be low c. GDP starts falling d. GDP level will be high