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wages and raw material effect short run aggregate supply because of productivity factor but money is neutral in the long run so will never effect long run
Because the supply curve basically is for the short run, and not permanent for the long run. That's why it's considered normal.
Fixed supply is the kind of supply which is not expected to run out in the near future. For example, oxygen and sunlight can be said to have fixed supply.
Scarcity exiss in short run because the world's resources are in finite supply.
its the difference between long run and short run aggregate supply
long run is ever smaller than short run
If we keep polluting it and wasting it, yes.
It is likely that the world's petrol supply will run out. There are limited resources and if people keep using them up, without thoughts of conservation they could very well run out.
No, we will never run out of helium. Helium is a renewable resource from the periodic table of elements - just like hydrogen, oxygen and carbon.
no it doesnt even run because it doesnt have legs HAHA!! :)
no... run tv with dc supply
It is likely that the world's petrol supply will run out. There are limited resources and if people keep using them up, without thoughts of conservation they could very well run out.
he is fat and doesnt no how to run
When will probably the world's oil supply run out
no it doesnt
No, fission is still a fuel in - waste out reaction. Eventually the supply of nuclear fuel would run out.
wages and raw material effect short run aggregate supply because of productivity factor but money is neutral in the long run so will never effect long run