Suppose that the U.S. concrete industry has developed an inexpensive way to make concrete both lighter and stronger. As a result, the full employment level of aggregate output has grown from level A to level B in the graph. Move the SRAS (short‑run aggregate supply), AD (aggregate demand), or LRAS (long‑run aggregate supply) curves to describe how this concrete technology innovation has affected the U.S. economy.
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Answer:
*see image*
Explanation:
The full‑employment level of aggregate output has grown from level A to level B. As such, LRAS shifts to the right from level A to level B.
An advance in technology equates with an increase in productivity. As a result, it increases the economy's ability to produce goods and services. In this case, better concrete lowers the cost of buildings, roads, and sidewalks. Consequently, the long‑run aggregate‑supply curve shifts to the right. It may help to think about being able to produce more buildings for the same amount of money.
Since most people may not even notice a difference in the concrete, the aggregate demand stays constant (i.e., does not shift).
Related Questions
4 differences an 4 similarities between welfare capitalism an classical liberalism
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The differences that exists between welfare capitalism and classical liberalism is that:
Welfare capitalism is directed towards the employers of labor while classical liberalism is directed towards the government.free market principles are mixed together with laws from a welfare state in welfare capitalism, while classical liberalism is about the limitation of the powers of the goverment.Classical liberalism is concerned with the protection of freedoms of citizens, welfare capitalism is mostly about the market.What is classical liberalism?This is a market system that is mostly about the laissez faire system in an economy. It is one that advocates for free markets.
What is the welfare capitalism in a country?This is one that involves businesses and firms providing welfare services to the people that they employ.
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I am writing a speech about ratifying the Constitution. It explains Separation of Powers, Checks and Balances, as well as the viewpoints of the Federalists and Anti-Federalists.
First Paragraph: Hook your audience into wanting to read or hear your speech. You can tell a story or use a quote. Introduce the event and basic facts like people and places. Use at least three to five sentences.
Please make it a good hook.
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Answer:
The constitution of the US has led to the formation of the national government along with a check and balance system. This check and balance describe the separation of powers in the government.
A check and balances system ensures the limitations of power divided between the federal government and state government. It provides President a power over the federal government to restrict its actions or bills through vetoing. It is because the federal have the power to bring any law or bill but if it violates public rights then it could be canceled by the President.
Earlier the US constitution was weak that created disunity in the nation. Here, Federalists played the role of bringing the idea of a strong federal government. Therefore, it leads to the ratification and implementation of a new constitution in the state that emphasized public rights and a powerful central government.
Anti-federalists were opposing ratification of the constitution as they do not want a powerful central government. They were of the opinion that the central government would become tyrannical just as the great britain and would act as a threat to citizens' liberty. Thus, they wanted strong Bills of rights in place of a strong central government.
The boundary between the Pacific Plate and the Australian Plate is a transform boundary. What event is likely to occur at this boundary?
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Answer:
seafloor spreading
Explanation:
Question 1
Which was NOT a reason for the start of World War II?
a. failure of appeasement
b. failure of the League of Nations
C. Germany invaded Poland
d. strong economies throughout the world
PLEASE REPLY!!!!
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This is NOT a reason for the start of World War II, which erupted in 1939 and lasted till 1945: d. strong economies throughout the world.
What were the causes of World War II?The numerous causes of World War II included:
Worldwide economic depressionFailure of appeasementRise of FascismNazi ideologyIncreased militarism and nationalism in Germany and JapanFailure of the League of Nations.One cannot agree that strong economies throughout the world helped to fuel the Second World War.
Thus, strong economies cannot be blamed for the start of World War II.
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The government of Happyland collects $100 million in taxes each year and currently has a public debt of $1.2 billion, which it finances by issuing Treasury bonds that pay 8% per year. Is this a manageable level of debt for the government of Happyland?
No, the debt is not manageable because the government must repay the entire $1.2 billion debt at the end of the year.
No, the debt is not manageable because interest payments equal $96 million per year.
Yes, the debt is manageable because the public debt is only 12 times the size of tax revenues.
Yes, the debt is manageable because an interest rate of 8% is relatively low.
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Annual interest payments on the debt are:
0.08 x $1,200,000,000 = $96,000,000
While it is possible to cover interest on the debt with $100 million in tax revenues, that would leave just 4% ($4,000,000/$100,000,000 x 100) of tax revenues to pay the principal on maturing loans and all other government expenditures (assuming no additional debt is incurred). This is not a manageable level of debt.
state two ways in which media could ensure access of information to all communities
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Answer:
Community radio helps to avail utilities and amenities for various development aspects of our society like education, health, water and sanitation, protection from natural disasters, address social issues at the community level and connect rural population with the government.
Explanation:
The Federal Reserve considers "overinflation" to be which of the following annually?
A. under 3%
B. between 0-2%
C. exactly 3%
D. above 3%
Need help
Sub: economics
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The Federal Reserve considers "overinflation," that is inflation to an excessive degree, to be D. above 3% annually.
What is inflation?Inflation is a decrease in the purchasing power of a currency due to the rising prices of goods and services in an economy.
Some of the causes of inflation are:
Exchange rate changesIncreased demandIncreasing national debtGovernmental regulationsIncreased production costs, etc.Thus, tThe Federal Reserve considers "overinflation," that is inflation to an excessive degree, to be D. above 3% annually.
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What is the cost of money?
Answers
Identify the impact on either the supply or demand of loanable funds following the events listed below.
a. If economic conditions deteriorate, prompting households to save a larger portion of their income, then __________ loanable funds will __________.
b. In an effort to balance the budget, the government increases taxes paid by businesses. As a result, the __________ loanable funds will __________.
c. If economic conditions improve, increasing the demand for goods and services, then the __________ loanable funds will __________.
d. Innovations in robotics technology vastly improves productivity within manufacturing firms. As a result, the __________ loanable funds will __________.
WORD BANK
supply of
demand for
increase
decrease
Answers
Answer:
a. If economic conditions deteriorate, prompting households to save a larger portion of their income, then supply of loanable funds will increase.
b. In an effort to balance the budget, the government increases taxes paid by businesses. As a result, the demand for loanable funds will decrease.
c. If economic conditions improve, increasing the demand for goods and services, then the demand for loanable funds will increase.
d. Innovations in robotics technology vastly improves productivity within manufacturing firms. As a result, the demand for loanable funds will increase.
Explanation:
Any changes in household saving patterns will shift the supply curve for loanable funds. When households save more due to deteriorating economic conditions, the total supply of saving increases, shifting the loanable funds supply curve to the right.
An increase in business taxes will reduce the profitability of new investment projects, so the demand for loanable funds will decrease.
An improvement in economic conditions, which increases the demand for goods and services, will cause the demand for loanable funds curve to shift to the right, as businesses find it more profitable to invest in production equipment.
Advancements in robotics technology, leading to increased productivity, will increase the demand for loanable funds, as firms will have an incentive to increase their investment in equipment and machinery.
1.why did mainland china give a gift of pandas to Taiwan ?
Answers
When the islanders started fighting amongst themselves _____ the monkeys took control. 2. The islanders were weary of fighting _____ consequently, the monkeys faced little resistance. 3. As soon as the monkeys were in charge of Fire Island _____ things began to change. 4. David was afraid of Tiny, the leader of the monkeys _____ because David had heard things. 5. Tiny demanded all kinds of crazy things from the islanders _____ this troubled them greatly. 6. One warm summer morning _____ Tiny marched to the village square and pronounced a new law. 7. This law shocked and appalled the islanders _____ they could not accept such ridiculous leadership. 8. After much hemming and hawing _____ the elders decided to accept the law afterall. 9. The islanders had lost their spirit for fighting _____ furthermore, no one wanted to provoke Tiny's ire. 10. David _____ however, had had enough.
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Punctuation marks are marks, like full stop (.), comma (,), or question mark (?), used in sentences. Appropriate marks are applied below.
Punctuation marks in useWhen the islanders started fighting amongst themselves, the monkeys took control. 2. The islanders were weary of fighting; consequently, the monkeys faced little resistance.
3. As soon as the monkeys were in charge of Fire Island, things began to change. 4. David was afraid of Tiny, the leader of the monkeys, because David had heard things. 5. Tiny demanded all kinds of crazy things from the islanders; this troubled them greatly.
6. One warm summer morning, Tiny marched to the village square and pronounced a new law. 7. This law shocked and appalled the islanders: they could not accept such ridiculous leadership. 8. After much hemming and hawing, the elders decided to accept the law afterall.
9. The islanders had lost their spirit for fighting, furthermore, no one wanted to provoke Tiny's ire. 10. David, however, had had enough.
Therefore, Punctuation marks are marks, such as a full stop, comma, or question mark, used in writing to separate sentences and their elements and to clarify meaning.
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