The short-run macroeconomic model is very similar to the standard model for markets. In what ways are these two models similar?

Answers

Answer 1

Answer:

Explanation:

Slope of demand curve is negative and slope of supply curve is positive in both the models.

But labeling of axis is different in both the models. In the short-run macroeconomic model, y-axis represents the price level whereas x-axis represents the GDP.

While in the standard model for markets, y-axis shows the general price level whereas x-axis represents the output level.


Related Questions

High Power Distance Index countries are more egalitarian than low Power Distance Index countries. Group of answer choices True False

Answers

It is a false statement that the High Power Distance Index countries are more egalitarian than low Power Distance Index countries.

What is the difference between the two countries?

A High Power Distance country have a culture that gives great deference to a person of authority while the Low Power Distance country have a culture that values the equal treatment of everyone.

Hence, it is false that the High Power Distance Index countries are more egalitarian than low Power Distance Index countries because both country priotize people having a equal rights and opportunities.

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recommend five significant roles the media could play in combating fraud and corruption in south africa

Answers

There are certain ways in which the media can play a vital role in combating fraud and corruption from a country.

What is Corruption?

Corruption is the dishonest act by an individual which results in gain for the individual but is a loss for the public at large who have appointed the individual.

The media can do the following to help combat corruption and fraud from South Africa.

Include law segments in shows to educate citizens about the causes of fraud and corruptionDefining the punishment of such offencesEncourage healthy earnings methodsBig headlines for punishment recorded againt the frausterShow positive image of the country

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Having an attitude of respect can help us
in all of the following ways EXCEPT:
A. change how we view ourselves
B. change how we view others
C. allow us to judge ourselves
D. change how we act towards others

Answers

Answer:

Allow us the judge ourselves

Explanation:

When you respect yourself the judgement you feel towards yourself decreases. you can respect other people for who they are but you also respect yourself.

d. change how we act towards others

Which of the statements clearly demonstrates that total factor productivity is increasing? Assume the aggregate production function is upward sloping and exhibits diminishing returns.

Real GDP per worker grows at the same rate as human capital per worker.

Physical capital per capita, human capital per capita, and real GDP per capita remain constant.

The size of the labor force falls due to emigration which leads to a decrease in real GDP and human capital per worker. Real GDP per worker remains unchanged and physical capital per worker increases.

Physical capital per worker and human capital per worker decrease, but real GDP per worker remains unchanged.

Answers

Answer:

Physical capital per worker and human capital per worker decrease, but real GDP per worker remains unchanged.

Explanation:

Total factor productivity, or technological progress, is attributed to changes in output per worker after accounting for changes in physical and human capital per worker. Total factor productivity rises if human capital and physical capital remain unchanged but GDP per worker rises. Similarly, if physical and human capital per worker fall but real GDP per worker remains constant, total factor productivity must have increased. Otherwise, a reduction in both would have led to a reduction in real GDP per worker.

If all factors of production remain constant and GDP does not change, total factor productivity must be unchanging as well.

If real GDP per worker rises at the same rate as human capital per worker, total factor productivity must be unchanging.

The scenario with emigration has countervailing forces since physical capital per worker increases while human capital per worker has fallen so that it is impossible to tell whether the stability of real GDP per worker is due to increases in total factor productivity.

should indiviual freedoms be sacrieced in the name of the national security

Answers

Answer:

Freedom should not be sacrificed in the name of national security.

Explanation:

wealth,energy consumption,popluation size, and growth are

Answers

Answer:

That is, for a 20% increase in population size, energy consumption increased by 43.6%; conversely, for a 20% decrease in population size, demand for energy decreased by 44.6%.

Explanation:


Which of the following is not one of the more recent cultural themes in the US?
O Belief in the effectiveness of scientific and empirical knowledge
O Decreasing consideration for other's needs
O Increasing toleration of cultural diversity

Answers

The answer choice which is not one of the more recent cultural themes in the US is Decreasing consideration for other's needs

What is a Cultural?

This refers to the way of life of a particular people and the given values they have that is unique to them.

Hence, we can see that based on the current cultural clime in the United States, there has been an increase in tolerance for diversity in both cultures and personal beliefs so a reduction in the consideration for others needs is the correct answer.

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How many MMDA's are there in Ghana.

Answers

Answer:

261 local metropolitan, municipal and district assemblies in Ghana

Explain the role Bison play in the prairie web of life?
o Bison is a food source for large secondary consumers in the prairie.
Bison eats only first order consumers.
Bison eat only decomposers.
Bison are considered to be the top predators in a food chain.

Answers

Answer:

Bison is a food source for large secondary consumers in the prairie.

Explanation:

Bisons are herbivores, so they eat plants. This means they are first-order consumers as first-order consumers always eat producers. Producers are like crops or plants. So they aren't predators, decomposers or predators. They are probably food for secondary consumers as secondary consumers eat first order consumers.

How does human, natural, and capital resources help the home and community run smoothly​

Answers

Answer:

Human resources: Refer to the human effort needed for the production of goods and services, and societies and economies need human resources to advance. These resources often include skilled and unskilled labor. Entrepreneurial and management skills are also human resources and refer to the ability to start and run economic activities.

Natural resources: Are elements and materials that have formed without any human action. They exist in nature, and people might take them and use them in their natural form or as raw materials for producing all types of objects. These resources can be renewable, like water, sunlight, wind and trees, or non-renewable, like fossil fuels, gold, iron, clay and other minerals. Capital resources: Include money to start a new business, tools, buildings, machinery, and any other goods people make to produce goods and provide services

Explanation:

Human capital and economic growth have a strong correlation. Human capital affects economic growth and can help to develop an economy by expanding the knowledge and skills of its people.

Human capital refers to the knowledge, skill sets, and experience that workers have in an economy. The skills provide economic value since a knowledgeable workforce can lead to increased productivity. The concept of human capital is the realization that not everyone has the same skill sets or knowledge. Also, the quality of work can be improved by investing in people's education.

What Drives Economic Growth

Economic growth is an increase in an economy's ability, compared to past periods, to produce goods and services. Economic growth is measured by the change in the gross domestic product (GDP) of a country. GDP is a representation of the total output of goods and services for an economy.

Classify the events according to their impact on aggregate demand (AD).

1. A dramatic decline in the average price of houses will _____________.
2. Increased concern that a recession is looming will _____________.
3. An announcement by the central bank to maintain its existing monetary policy will _____________.
4. A reduction in government spending will _____________.
5. A dramatic improvement in the stock market, causing investors' wealth to rise, will _____________.
6. A recession occurring in a trading partner's economy will _____________.
7. An increase in income tax rates on individuals earning more than $450,000 per year will _____________.

WORD BANK
not change AD.
increase AD.
decrease AD.

Answers

Answer:

1. decrease AD.

2. decrease AD.

3. not change AD.

4. decrease AD.

5. increase AD.

6. decrease AD.

7. decrease AD.

Explanation:

Aggregate demand (AD) measures the total amount of spending that occurs in an economy and can be segmented into consumption spending, government spending, investment spending, and net exports. A key principle in this example is that AD increases when there are increases to any of these individual components of AD and decreases when the individual components decrease.

Several of the events in this example describe direct changes in the components of AD:

    - A reduction in government spending leads to a decline in AD as it is associated with fewer goods and services being purchased.

    - An increase in tax rates reduces disposable income and therefore causes consumption spending to decline.

    - When recessions occur abroad, foreigners purchase fewer imported items. (e.g., a recession in Europe means that American firms will export less to Europe.) Thus, net exports decline as trading partners experience recessions, which causes AD to fall.

    - Consumer confidence also impacts spending in that people are more inclined to make purchases when feeling optimistic and more inclined to save when feeling concerned about the economy.

    - Wealth is another factor that affects AD. People buy more goods and services when they have more wealth and vice versa. Therefore, an increase in wealth associated with rising stock prices increases AD, whereas falling wealth from declining housing prices reduces AD.

    - Changes in the money supply also can lead to AD shifts. When the money supply grows more rapidly, there are increases in spending and the AD shifts to the right, and vice versa. In this example, growth in the money supply is said to be stable, implying that AD will neither increase nor decrease.

analyse how limitations to the right to freedom of expression of the media may assist in promoting public safety​

Answers

Answer:

Limitations to the right to freedom of expression .will in the long run not promote public safety

Explanation:

The media always needs freedom of expression, the same as the everybody. The only time limitations on freedom of speech are helpful is when such "speech" can be classified as harmful to anybody regardless of their beliefs, race, gender, or age.

Limitations to the right to freedom of expression of the media might assist in promoting public safety​ due to the removal of fake news.

What is fake news?

Fake news is a term used to denote false news that may distract or confuse people who are the public.

Fake news may be eliminated by limiting expression in communication media, but this issue is controversial.

In conclusion, limitations to the right to freedom of expression of the media might assist in promoting public safety​ due to the removal of fake news.

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#SPJ2

How do you understand the formation of the personal identity?
- The Mind Criterion
-The Body Criterion
-The Memory/Character continuum

Answers

Answer:

dentity formation has to do with the complex manner in which human beings establish a unique view of self and is characterized by continuity and inner unity. It is therefore highly related to terms such as the self, self-concept, values, and personality development.

Explanation:

dentity formation has to do with the complex manner in which human beings establish a unique view of self and is characterized by continuity and inner unity. It is therefore highly related to terms such as the self, self-concept, values, and personality development.

Many animals that disperse plant seeds are birds or mammals. Some insects and fish also spread seeds. Ants, for example, carry seeds underground. How might this method of dispersal help seeds survive?

Answers

Answer:

the seed will grow from being carried into the dirt by the ant

Explanation:

The Confederate general who became famous for his strategy and courage at the First Battle of Bull Run was
A.) George McClellan.
B.) Robert E. Lee.
C.) Joseph Hker.
D.) Thomas “Stonewall” Jackson.

Answers

Answer:

the answer is D Thomas "Stonewall" Jackson

What happened to thousands of Jewish men as a result of Kristallnacht? They lost their status as citizens of Germany. They were arrested and sent to concentration camps. They rebuilt their businesses and reopened factories. They left the cities to live in greater safety in rural areas.

Answers

Answer:

Your answer would be:
B.) They were arrested and sent to concentration camps


From November 9 to November 10, 1938, in an incident known as Kristallnacht; Nazis in Germany torched synagogues, vandalized Jewish homes, schools, and businesses, and killed close to 100 Jews. In the aftermath of Kristallnacht, also called the Night of Broken Glass; about 30,000 Jewish men were arrested and sent to Nazi concentration camps.





Explanation:

Have a great rest of your day`
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This is a massive, gravitationally bound system consisting of stars, interstellar gas and dust, and dark matter.

Answers

One from below.

Solar system

Galaxy

Universe

All the planets in our solar system have more or less the same–

Answers

Answer:

As Morbidelli notes, most planetary scientists agree that the planets in our solar system had similar origins as small rocks orbiting the sun, comprising the protoplanetary disk, which collided and fused, creating increasingly larger rocks that eventually became protoplanets.

Explanation:

Answer:

except for pluto

Explanation:

In 2006 pluto was named a dwarf planet and is now forced to sit at the kids table during planet thanksgiving

The graphs illustrate an initial equilibrium for some economy. Suppose that the economy experiences a rise in aggregate demand. Use the graphs to illustrate the new positions of AD, SRAS, and LRAS as well as the new short‑run and long‑run equilibria resulting from this change.

Answers

Answer:

*see image*

Explanation:

For the long-run graph, the aggregate demand increase looks the same as on the short‑run graph. The SRAS curve, however, shifts such that it intersects the aggregate demand curve and LRAS curve at the same point.

As was the case in the short run, the LRAS curve itself does not move. The equilibrium points are the intersection of aggregate demand, SRAS, and LRAS. If these three do not intersect at the same point, then the graph does not represent the long run.

Basically: In the short run, increase in aggregate demand will shift AD curve rightward to AD1, intersecting SRAS at point A with price level P1 and real GDP Y1. In the long run, higher price level raises cost of inputs and firms lower production and output, decreasing aggregate supply. SRAS shifts left to SRAS1, intersecting AD1 at point B with price level P2 and real GDP Y0.

A problem or decision facing a group of people two words.

Answers

Dividing responsibilities is a problem or a decision that two people may have to face.

What does it mean to divide responsibilities?

This is a way of assigning duties or tasks in between two people that are faced with equal duties.

This may lead to a problem on how the work would be delegated between them and also how to go about the tasks.

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What is a third or minor party

Answers

Answer:

The U.S. has a two party system. Democrats and Republicans are the main parties. A third or minor party is a U.S. political party but a smaller one. Hope this helps!

Does the "Almighty God" passage in the Preamble violates the principle/policy of Separation of Church and State i.e. the State should not promote any official religion

Answers

The use of the almighty God in the preamble does not violate the policy of the separation of the church and the state.

How does it not violate the principle?

This is because the use of those words are not a way of promoting any religion or trying to interfere in the activities of religion.

The principle has it that the government does not promote religion in the country or try to interfere in any.

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6. Which of the following people typically held the most power in the Roman Republic?
A. Wealthy men
B. Wealthy women
C. Poor men
D. Poor women

Answers

Answer

A. Wealthy men

5. Look at the source and answer the question

This Invention most likely allowed the ancient Egyptians to

A. spread Egyptian culture across long-distance trade networks.

B. create a permanent record of Egyptian history and literature,

G. "use maps to travel throughout Egyptian territory.

D. increase the number of schools available for the Egyptian people.

Answers

B. Create a permanent record of Egyptian history and literature

if you are in a public bathroom and someone knocks on your door, what would be the best response?

A. stay silent
B. "im buzy"
C. "come in"
D. open the door

Answers

Answer:

B. I'm busy

Explanation:

C and D don't make sense.

What animals drink through their skin?

Answers

answer

this lizard can drink water from sand through its feet & back

Answer:

While there are other kinds of animal species around the world that can collect water through their skin, the thorn devil is the only known species that can actually channel that water directly to their mouths for drinking. and toads

The table shows the cost of a fixed basket of goods that a typical urban consumer would buy in the economy of Kindleberger. The base period for the consumer price index (CPI) is the year 2000. Please specify answers to two decimal places.

CPI for 2000: ___________
CPI for 2011: ___________
CPI for 2012: ___________

Answers

Answer:

CPI in 2000 = 100

CPI in 2001 = 132.53

CPI in 2002 = 186.14

Explanation:

Cost of a basket of goods in the base year (2000) = $4,150.

So, CPI in 2000 = Cost of basket in 2000 * 100 / Cost of basket of goods in base year

= 4150* 100 / 4150

CPI in 2000 = 100

CPI in 2001 = Cost of basket in 2001* 100 / Cost of basket of goods in base year

= 5500 * 100 / 4150

CPI in 2001 = 132.53

CPI in 2002 = Cost of basket in 2001* 100 / Cost of basket of goods in base year

= 7725* 100 / 4150

CPI in 2002 = 186.14

i think therefore i am?

Answers

'I THINK THEREFORE, I AM'A CERTAIN CONCLUSION WHEN SURROUNDED BY DOUBT.

these words are said by "Rene Descartes "

basically, i can think i know and i know what is real to me, therefore I am real in the reality i am put in

What nations have a "Central Bank?"
A. those nations with currency
B. nations who trade internationally
C. all nations with a banking system
D. only those who use the dollar

Answers

Answer:

A ahould be A those nations with a currency here is why i think it it

Explanation:

A central bank is a vital component of most nations' financial systems. Nearly every country in the world—particularly those that issue their own currency—has a central bank. In fact, even unrecognized countries such as Abkhazia have central banks.

A those nations with currency

Match each amendment to the right(s) it protects.

1.Fourth Amendment
2.Sixth Amendment
3.First Amendment
4.Second Amendment

A.right to bear arms
B.rights of people accused of crimes
C.freedom of religion
D.protection against unreasonable search and seizure

Answers

Answer:

Fourth Amendment - D. Protection against unreasonable search and seizureSixth Amendment - B. Rights of people accused of crimeFirst Amendment - C. Freedom of ReligionSecond Amendment - A. Right to bear arms
1-d
2-b
3-c
4-a

I did this before so it should be right!
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