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.
Answers
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
One of the key underpinnings of public choice analysis is the assumption that politicians and bureaucrats
make political decisions based on self‑interest, just as individuals and firms do.
make political decisions based primarily on benefiting future generations.
seek only to maximize long term economic growth through increasing GDP.
act not out of self‑interest but desire to increase the general utility of the public.
Answers
Answer:
a. make political decisions based on self‑interest, just as individuals and firms do.
Explanation:
Public choice analysis is the combination of political science and economics and analyzes political decision making. One key assumption of public choice theory is that politicians are rational, self‑interested, economic agents. Like all other economic agents, they make decisions based on their own self‑interest (specifically, to satisfy constituents and retain their positions). It leads to rise of interest groups, logrolling and rent seeking behavior from the politicians and bureaucrats which leads to inefficiency.
Why fundamental attribution error is important?
Answers
Answer: Understanding the fundamental attribution error is important because research shows that everyday human behavior is heavily influenced by external factors, yet when evaluating others' behavior, you may wrongly perceive their actions as stemming from internal factors
Explanation: Fundamental attribution error breaks collaboration, renders communication ineffective and can even make people leave the organisation. It can cost someone their job.
Suppose that the government engages in expansionary fiscal policy by increasing government spending. Show the initial impact by properly shifting the aggregate demand curve (AD), the short‑run aggregate supply curve (SRAS), or the long‑run aggregate supply curve on the graph below.
Answers
Answer:
*see image*
Explanation:
An increase in government spending causes the aggregate demand curve to shift to the right.
Aggregate demand shows how the overall price level and the amount of goods and services purchased are related. One component of a nation's collective spending on goods and services are government purchases. Ceteris paribus, more government spending implies more total spending and is associated with aggregate demand increasing accordingly.
The aggregate supply curves, whether depicting a short run or a long run relationship, both show how the total amount of goods and services produced in the economy varies as the price level varies. This is not directly impacted by changes in government spending.
Why didn’t the colonies abolish slavery after the Revolutionary War?
Answers
Answer:
The colonies did not abolish slavery after the Revolutinary War was because the United States economy depended on slave labor, and lawmakers did not want to dismantle the economy.
Explanation:
Answer: an attempt to end slavery by federal law would endanger the fragile union of the states.
Explanation:
For the U.S. government, which of the given is NOT an example of discretionary spending?
a. Medicare
b. defense spending
c. science spending
d. Medicaid
For the U.S. government, which of the given is NOT an example of mandatory spending?
a. education spending
b. interest on the national debt
c. Social Security
d. Medicare
Which type of spending currently takes up a larger proportion of the U.S. federal budget?
a. Mandatory spending and discretionary spending take up an equal amount.
b. mandatory spending
c. discretionary spending
Answers
Answer:
- Medicare
- Education spending
- Mandatorym spending
Explanation:
Discretionary spending is subject to an annual appropriation process by Congress. In contrast, mandatory spending is authorized by permanent laws and therefore can not be easily changed.
The answer to the first question is that Medicare is not a type of discretionary spending. Medicare is a type of mandatory spending. Discretionary spending includes defense, science, income security (including Medicaid), transportation, environment, education, veterans' benefits and services, etc.
The answer to the second question is that education spending is not a type of mandatory spending. Spending on education is a type of discretionary spending. Mandatory spending includes Medicare, Social Security, interest on the national debt, food stamps, TANF (temporary assistance for needy families), etc.
The answer to the last question is that the majority of the budget is spent on mandatory spending items. Mandatory spending accounts for about 60%, whereas discretionary spending accounts for about 40%.
In Louisiana, judges are
To be eligible, a judge must have lived in his or her district for at
least
Justices who serve in the state supreme court are chosen according to
Each
justice serves for a
Answers
The judges eligibility in Louisiana are determined by number of years they have lived in the district, which must be for at least one year.
How are judges chosen in Louisiana?In Louisiana, the judges are elected through the voting electorate of their districts.
However, their eligibility is determined by the number of years they have lived in the district, which must be for at least one year.
Read more about Louisiana judges
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Heyyy Guyssss !!
What are the advantages of industry ?
Answers
Faster manufacturing.
Less machine and production line downtime.
Fewer quality issues with products.
Explanation:
Growth of industries leads to increase in production of goods and services which are available to people at cheaper rates.It reduces dependence on other countries and improves economy.It reduces dependence on other countries and improves economy.It results in rising the standard of living.It reduces dependence on other countries and improves economy.It results in rising the standard of living.It creates new job opportunities helping in the removal of unemployment.Lavonda wants to become a famous singer. She meets with
an agent in New York City who tells her that he will represent her in return for 10
of everything she earns. Lavonda agrees, and they write down these shared expectations and demands. What type of written ag
does this describe?
A. contract
B. power of attorney
C. living will
D. Insurance policy
Answers
Answer:
A. it is a contract
Explanation:
good day to you
Select all the correct answers.
What are two reasons why the US government sent expeditions into the Louisiana Territory in the 1800s?
The government wanted to learn about the strength of the French military in the area.
A: At that time, many Americans traveled there to search for gold and precious stones.
B: At that time, Americans knew very little about the geography of the area.
C: The government wanted to establish friendly ties with American Indians there.
D: The government wanted to prepare for a coming war against Great Britain.
Answers
Answer:
B. I do not know the second one
Explanation:
it makes sense that americans knew very little about the area at the time since they had just bought the territory
Which of the following sets what is
known as "Required Reserves?"
A. individual banks
B. Wall Street
C. Federal Reserve
D. U.S. Congress
…need help pls.
Answers
Answer:
i believe the correct answer is a
What factors led to a general decrease
in the length of residence requirements among the
States?
Answers
Explanation:
AbstractBACKGROUND:-cardio metabolic risk (CMR) factors including hypertension overweight obesity diabetes mellitus and hyperlipidemiaaa raha hai among United States ethnic minorities and the immigrantpopulation continuous to burgeon.
hope u help ful
Cardio Metabolic Risk (CMR) factors, such as hypertension, overweight obesity, diabetes, and hyperlipidemia, continue to rise among American ethnic minorities and immigrants.
What is Cardio-Metabolic Risk (CMR)?There are a number of risk variables that operate as predictors of someone's propensity to acquire diabetes or cardiovascular disease (CVD). Finding these risk factors is especially crucial because many of the disorders that lead to diabetes and cardiovascular disease may be treated or lessened. These cardiometabolic risk factors (CRF) include prediabetes, high blood pressure, raised triglycerides, low HDL (good) cholesterol, and low HDL (good) cholesterol levels.
Risk factors for thrombosis include irregular blood clotting, abdominal obesity, and thrombosis. Blood testing and physical examinations are used to evaluate a person's cardiometabolic risk. Blood tests are specifically used to monitor a person's glycemic control, lipid profile, and vascular health.
Learn more about Cardio-Metabolic Risk (CMR), here:
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how to make people to follow rules
Answers
Answer:
[tex]There \: is \: a \: way \: to \: follow \: rules \: effectively \\ without \: resorting \: to \: breaking \: them.[/tex]
Be guided by values. Values are the principles that guide our behaviour, attitudes and actions. ...Tweak the rules to suit you. Sometimes we follow rules too strictly because we are afraid to question them. ...Simplify. ...Be Authentic. ...Conclusion.How are oceans important to human beings?
Answers
Answer:
ocean give benefits such as swimming and catching fish and also they can move boats and go to islands and explore hope it helps. :)
Explanation:
Complete the sentences with the correct term.
Cost‑push inflation occurs when ____(short-run aggregate supply / aggregate demand)____ decreases until equilibrium output falls below the full employment level.
As a result, the ____(equilibrium output level / price level)_____ increases.
One possible cause of cost‑push inflation is an increase in ____(technology / the costs of inputs)_____.
To combat falling aggregate output, the government may introduce policies to increase ____(aggregate demand / long-run aggregate supply)_____ to the point where it and short‑run aggregate supply intersect ____(aggregate demand /
long-run aggregate supply)_____ at the same point.
These policies cause ____(the price level / equilibrium output)____ to return to its full employment level, and the ____(level of output / price level)_____ increases even further.
Answers
Answer:
Cost-push inflation occurs when short run aggregate supply decreases until equilibrium output falls below the employment level.
As a result, price level increases.
One possible cause of cost-push inflation is an increase in the cost of inputs.
To combat falling aggregate output, the government may introduce policies to increase in aggregate demand to the point where it and short-run aggregate supply intersect long run aggregate supply at the same point.
These policies cause equilibrium output to return to its full employment level, and the price level increases even further.
Explanation:
Cost‑push inflation is caused by a decrease in short‑run aggregate supply (SRAS) that results in an equilibrium below an economy's full employment level of aggregate output. This can be caused by a substantial increase in the cost of inputs, such as oil or wages, giving rise to an increase in the cost of production.
Initially, the economy will reach an equilibrium where the new SRAS curve intersects the aggregate demand curve. At this equilibrium, the aggregate output has decreased and the price level has increased.
Since the economy is now operating below full employment output, the government may get involved by creating policies to increase aggregate demand, so that the equilibrium returns to the full employment level of output. At this new equilibrium, aggregate output returns to the economy's full employment level, but the aggregate price level has increased further.
Which statement best describes voting rights in the original 13 states?
A.
Only men who were Revolutionary War veterans could vote in all 13 states.
B.
Only men, regardless of race could vote in all 13 states.
C.
Only white, Protestant men could vote in all 13 states.
D.
Only white men who lived in one of the largest cities could vote in all 13 states.
Answers
Answer:
C
Explanation:
Only white, Protestant men could vote, the majority of Catholic and Jewish men weren't allowed to vote, as well as you know, everyone else.
Suggest a way to produce skilled human resource in your school,
Answers
Answer: Some of the measures to produce skilled human resources in the country are:-
Providing practical and quality education to all.
Developing technical and vocational education system according to the need of the country.
Updating knowledge with developed information technology.
Formulating scientific education policy as per the demand of time.
By applying these measures a country can produce skilled human resources to utilize the natural means and resources for the development.
I hope this answer helped you! ^-^
Explanation:
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
how can school assist the community to address substance abuse
Answers
Answer:
Schools may adopt a variety of alternatives to testing to address the issue of substance abuse including offering after school programs, incorporating life skills training into drug education curricula, helping parents become better informed, providing counseling, identifying problem behaviors for early intervention, and promptly referring students to health care professionals for assessment and intervention.
Explanation:
hope this helps
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.
Classify each example as either relating to human capital, physical capital, or technology.
- An increase in adult literacy affects
- An increase in the number of company cars impacts
- An increase in the number of college graduates impacts
- New distribution techniques affect
- An increase in the number of company computers affects
- More people graduating from culinary school affects
- A new cancer treatment affects
- A doctor's knowledge about a new cancer treatment affects
WORD BANK
physical capital.
human capital.
technology.
Answers
Answer:
1. human capital.
2. physical capital.
3. human capital.
4. technology.
5. physical capital.
6. human capital.
7. technology.
8. human capital.
Explanation:
Human capital refers to the knowledge, skills, experiences, capabilities acquired by an individual inorder to the productivity. Physical capital refers to those inputs that contribute in the production process. It basically means the factors of production like land, building, machinery, etc. Technology refers to research, innovations and development. In other words, it means innovating something new.
Human capital is the knowledge and ability that workers have that allow them to perform their job or to perform it better. Some examples of human capital are the knowledge obtained through various types of education and training as in the case of more college graduates, individuals going to culinary school, adult literacy, and doctors learning about a new way to treat cancer.
Physical capital consists of those physical resources that are used in production but that are not inputs in production. Examples of these are company computers and company cars that presumably enhance workers' ability to perform their tasks.
Technology consists of the processes by which capital is employed in the production process. For example, improvements in a distribution process or in cancer treatments are both examples of technologies.
Raisa is purchasing, a life insurance policy in which the premiums, death benefits, and cash value of the insurance remain fixed. At the time of
her death, the cash
value of the insurance becomes the insurance company's and the death benefits are paid to the beneficiaries. Which type of
policy is Raisa purchasing?
A. whole life insurance
B. permanent life insurance
C. term life Insurance
D. healthy life insurance
Answers
Answer:
whole life insurance
Explanation:
why ? because whole life insurance helps In saving an individual cover his lifetime
The correct option for this is option A : Whole life insurance .
Whole life insurance is a life insurance policy that is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or until the maturity date.
Why whole life insurance?As per the policy whole life insurance is the only policy that provides fixed death benefits over the policy holders life.This is the reason that whole life insurance is the correct answer and the others are incorrect , also when it is related to death benifits and cash value only Whole life insurance is accountable.To learn more about Life insurance refer :
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What laws helped the Colony to grow and why?
Answers
The Colonial Population
Explanation:
These populations continued to grow at a rapid rate throughout the 18th century primarily because of high birth rates and relatively low death rates. Over 90% were farmers, with several small cities that were also seaports linking the colonial economy to the larger British Empire.
What is the capital of New Mexico? (3 points)
a
Santa Fe
b
Salem
c
Austin
d
Juneau
Answers
the capital of new Mexico is
Explanation:
Santa Fe
Answer:
What is the capital of New Mexico?
Explanation:
Santa Fe
Theodosius left a will instructing the Romans to do what after his death?
Answers
Answer:
He decided to have the Roman Empire divided.
Explanation:
“When the United States first won its independence, there were restrictions on who could vote. In some states, only white male landowners that were at least 21 years old could vote. Beginning in 1870, a series of Constitutional Amendments and other laws have extended voting privileges to more and more citizens.”
What evidence in the text supports the statement that “a series of Constitutional Amendments and other laws have extended voting privileges to more and more citizens”?
Answers
Answer:
There is kind of no evidence in the text that proves they've extended it but I'm pretty sure they extended by at least saying you can vote at the age of 21 but you have to a be landowner and only white male, that is bias, and also but they said some parts
Explanation:
HELP ASAP-WILL GIVE BRAINLIEST-NO FILES
How did voting in ancient Rome change over time?
A. Citizens started to vote on what was best for the whole of the Roman Empire.
B. Citizens only voted for what was best for the community
C. Citizens were required to vote based on the needs of others and not themselves.
D. Citizens began to vote based on self interest or what was best for themselves.
Answers
Answer:
D
Explanation:
Observe your community, what do you think is trending today? Why do you say so?
Answers
By observing your community, you will notice that there are certain things that are trending and you can then investigate further to find out why those things are happening.
What is trending in your community?This is an essay type question and so I cannot give you the answer but I can help guide you.
First you should observe your community to find out if there are any new and popular trends emerging. For instance, more people might be using bicycles to get to work.
You then give evidence as to why you believe your observation is a new trend. For instance, you compare your current observation on bicycles, to bicycle numbers in the past number of years.
You could pull up bicycle numbers for your areas on the internet, interview a bicycle salesman in the area, or draw evidence from your own memory of bicycle usage in the past.
Find out more on essay writing at https://brainly.com/question/94727.
According to Chapter 8 of your textbook, the three types of entry strategies are __________, ____________, and _____________.
Answers
Answer:
Direct Exporting
Licensing
Partnering
Real GDP per capita is NOT an adequate measure of
average real GDP per person in the economy.
the well-being of each person in an economy.
a country's average aggregate spending per person.
a country's average aggregate output per person.
Answers
Answer:
the well-being of each person in an economy.
Explanation:
Real GDP per capita is average real GDP per person in the economy. It can be found by dividing real GDP by population. It is a measure of the economy's aggregate output per person which is also a measure of aggregate spending per person.
Richer nations with higher real GDP per capita are typically happier than poorer nations. However, real GDP per capita is a poor measure of the overall well-being of individuals in an economy because real GDP per capita does not measure the many dimensions related to how people live, but rather how much, on average, individuals in a country produce and consume.
Real GDP per capita measures the average level of a country's income, adjusted for inflation. Since, It tracks the average real GDP per person in the economy, option (a) is not valid. Real GDP per capita can also be used as a rough estimate of a country's average aggregate output per person as well as the average spending capacity per person of a country. Therefore, options (c) and (d) are not correct either. The emotional or general well-being of a country's populace is not accounted for in the data used to calculate the Real GDP per capita of a country.
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.
Answers
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.