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Define aggregate supply and describe the conditions underlying each of the three major segments along a short-run aggregate supply curve?
Aggregate supply is just the amount of goods and services a firm will product over a variety of price ranges. The segments of the Aggregate supply curve goes as follows:
the horizontal range: producers can increase output without increasing price/cost ( this is known as SRAS -short run aggregate supply it is horizontal because not a lot can change in the short run) countries are usually here during a recession
The sloped range: this is the second segment of curve, it shows economic growth. in this part the price increases as output increases. this is the part of the curve where the country lies between recession and inflation.
the vertical range: this is also known as LRAS or long run aggregate supply it is completely vertical. the optimal place to be on the curve is where the second and third segment meet. this is because once you hit the vertical range producers no longer can increase output and prices can only increase. this is as you've guessed the inflation part of the graph because prices increase while output stays the same.
hope this helps :)
What else can I help you with?
How many segments does a woodlouse have?
A woodlouse has six segments. Woodlouses can also be called slaters.
How can one effectively aggregate demand functions to analyze overall market demand?
To effectively aggregate demand functions for analyzing overall market demand, one must combine individual demand functions from different consumers or segments of the market. This involves summing up the quantities demanded at various price levels to understand the total demand for a product or service in the market. By doing so, analysts can gain insights into the overall demand trends and make informed decisions regarding pricing, production, and marketing strategies.
What are socio economic market segments?
such as income, occupation and education can be used to derive segments that are easy to reach. Such segments are indicators (although not perfect) of behaviour such as lifestyle, price sensitivity, and brand preference.
How many segments does woodlouse have?
26
What is An effective way to help ensure that funding decisions are fair to all segments of the community?
An effective way to help ensure that funding decisions are fair to all segments of the community is to:
How do you describe Branches?
lineage segments between nodes or between nodes and tips of the tree.
How do you describe a Terminal Branch?
lineage segments between branching points and tips of the tree.
What best describes a parallelogram?
Line segments best describe a parallelogram.
How equality and congruence are used to describe two lines segments and their lengths?
because they are equal to one another
What words describe a triangle?
The definition of a triangle is the union of segments AB, BC, and AC (where A, B, and C are not all collinear).
What is the beat explanation as to why there are flat segments in the graph?
Flat segments in a graph typically indicate periods of stability or equilibrium in the data being represented. This can occur when the variables are balanced, leading to no significant change in the output despite varying input. For example, in economic graphs, flat segments may represent phases where supply meets demand, resulting in constant prices or quantities. Understanding these segments can help identify trends and potential shifts in the underlying dynamics.
Can you show me how the triangular prism look like?
Since I can't attach illustrations here (can I?), I can describe one. If two congruent and parallel triangles have vertices joined by line segments, the line segments described will mark the boundaries of a solid.
What terms is used to describe pairs of chromosomes having DNA segments or genes for the same traits?
Hobnobs
Define perpendicular lines and describe the type of angle formed by perpendicular lines or line segments?
The definition of perpendicular lines also defines the angles -- perpendicular lines are two lines (or line segments) that meet at a 90 degree angle.
Segments of the equal lenght are what kind of segments?
Segments of equal length are congruent segments.
What are congruent segments?
congruent segments are the same segments.
Segments that have the same length?
The answer to, "Segments that have the same length" Is Congruent Segments!
