This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Does economic growth result from increases in aggregate demand, short-run aggregate supply, or ... (Read 194 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519
on: Jun 29, 2018
Does economic growth result from increases in aggregate demand, short-run aggregate supply, or long-run aggregate supply?
 
  What will be an ideal response?

Question 2

Refer to Table 2-12. Does either Guatemala or Honduras have an absolute advantage and if so, in what product?
 
  A) Honduras only has an absolute advantage in producing sailboats.
  B) Guatemala has an absolute advantage in producing both products.
  C) Guatemala only has an absolute advantage in producing canoes.
  D) Honduras only has an absolute advantage in producing canoes.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Danny Ewald

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

Economic growth results from increases in long-run aggregate supply. Economic growth occurs because the quantity of labor increases, capital is accumulated and there are technological advances over time. All three of these factors increase potential GDP and shift the LAS curve rightward.

Answer to Question 2

B


mpobi80

  • Member
  • Posts: 519
Reply 2 on: Jun 29, 2018
Gracias!

Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Your heart beats over 36 million times a year.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Three zones of root growth. Three zones of root growth.
Exponential versus logistic growth. Exponential versus logistic growth.
Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
Data management short answer q Data management short answer q
economic question economic question
economic question economic question
Video: Muscular Dystrophy

For a complete list of videos, visit our video library