Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The shape of the LAS curve is different from the SAS curve, because the LAS considers long-run adjustments in ____________but the SAS only reflects short-run

The shape of the LAS curve is different from the SAS curve, because the LAS considers long-run adjustments in ____________but the SAS only reflects short-run changes in ____________. A. the behavior of all economic agents; business investments B. all output markets; consumer markets C. the output market for all goods and services; service industries D. input and output markets; output markets E. business investments; governmental purchases

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Economics

Authors: William F. Samuelson, Stephen G. Marks

8th edition

1118808940, 978-1119025900, 1119025907, 978-1119025924, 978-1118808948

More Books

Students also viewed these Economics questions

Question

Relax your shoulders

Answered: 1 week ago