What causes the economy to move from its short-run equilibrium to its long-run equilibrium? the government must increase spending to increase aggregate demand. nominal wages, prices, and perceptions will adjust upward to this new price level. the government must increase taxes to curb aggregate demand. nominal wages, prices, and perceptions will adjust downward to this new price level?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What causes the economy to move from its short-run equilibrium to its long-run equilibrium? the government must increase spending to ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Suppose you're in charge of establishing economic policy for this small island country. Which of the following policies would lead to greater productivity in the fishing industry? Check all that apply.
Answers (1)
An invoice has a subtotal of $42.60 for the items, a new customer discount of $5.00 to be applied before taxes, and a sales tax of 7.5%. What is the correct invoice total? A. $45.10 B. $51.17 C. $40.79 D. $40.42
Answers (1)
Anderson Corp just issued a stock dividend of$2.00 yesterday. The company plans on increasing the dividend by 6% per year for the next 5 years. After which, the dividend will grow at 3% forever. The required rate of return is 10%.
Answers (1)
In the context of small businesses the market is a. machines and materials b. stores and shopping centers c. existing and potential customers d. a form of business organization
Answers (1)
Scenario: The market demand for soccer balls in a small town is 2,500 units, and there are two rival sports brands selling soccer balls in this town, Sporty and Go! The products of the two brands are identical. Refer to the scenario above.
Answers (2)
New Questions in Business
Which statement is false? A) Land is the primary factor of production used in the production of all goods and services. B) An entrepreneur combines all the factors of production. C) Growth in the economy shifts the PPC left.
Answers (1)
A short-run phillips curve shows an inverse relationship between
Answers (1)
Which of the following types of business usually has the fastest inventory turnover? furniture store hardware store store that sells consumer electronics grocery store
Answers (2)
A Gantt chart is a horizontal bar chart that shows each work activity on a separate line with the bar placed from the early start date to the early finish date for each activity on a timescale. 1. True 2. False
Answers (1)
You run a small auto service shop. Your fixed expenses per week are $1,000 and your average customer invoice is $500 with an associated marginal cost of $300. What is your weekly break-even quantity?
Answers (1)