Is sustainable long-run equilibrium always reached when the AD and SAS curves intersect? Why or why not?

Key Question) Use the following data to calculate (a) the size of the labor force and (b) the official unemployment rate: total population, 1000; population under 16 years of age or institutionalized, 110; not in labor force, 140; unemployed, 120; part-time workers looking for full-time jobs,...

what we would expect to happen in the market for ice cream if consumers income increased and the cost of sugar fell at the same time

George owns a gun range in Texas. He pays $32,000 per year in insurance, $408,000 in wages, $23,000 in supplies, and he foregoes $32,000 per year he could make as a police officer. His total revenue last year equaled $460,000. That means his economic ______ equaled ______.

q=2000-5p find mr

Assume that a country's production function is Y = AK0.3L0.7. The ratio of capital to output is 3, the growth rate of output is 3 percent, and the depreciation rate is 4 percent. a. What is the marginal product of capital in this situation? (Hint: The marginal product of capital may...

A machine costs $980,000 to purchase and will provide $200,000

Which of the following statements is correct? A. built in stability only partially offsets fluctuations in economic activity. B. built in stability works in halting inflation, but in cannot alleviate unemployment. C. built in stability can be relied on to eliminate completely any fluctuation...

In A closed economy, the MPC is 0.80. Investment changes by -100. The change in equilibrium GDP is (?).

How does the federal government implement its fiscal policies?