Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Get immediate and reliable solutions to your questions from a community of experienced experts on our Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.
Sagot :
In the simple quantity theory of money in the AD-AS framework, the AS curve kinked at natural real.
What is AS curve or Aggregate Supply Curve?
- The amount of real GDP that the economy produces at various price levels is represented by the aggregate supply curve.
- The methodology used to build the supply curve for all products and services is different from the methodology used to build the supply curve for individual goods and services.
- It is assumed that input prices will remain constant when calculating the supply curve for a certain good.
- The price level, however, defines the aggregate supply curve. As the price level rises, producers will be able to charge more for their goods, which will stimulate production.
- However, a price increase will also have a secondary effect that will eventually result in an increase in input prices.
To learn more about the Aggregate Supply Curve refer to:
https://brainly.com/question/24303271
#SPJ4
Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.