Suppose the U. S. economy is initially in long-run equilibrium and producing at the full employment level of output. Then a major backlash against American foreign policy results in a worldwide protest against American made goods and service, effectively eliminating the demand for all American exports. a: (LRAS curve, AD curve, SRAS curve) / (to the left, to the right)b: (less than, greater than, equal to) / (less than, greater than, equal to)c: (the LRAS curve, the AD curve, the SRAS curve) / (right, left) / (reaches a new, returns to the original)

Which are the best examples of costs that should be considered when creating a project budget?

The textbook defines ethics as “the principles of conduct governing an individual or a group,” and specifically as the standards one uses to decide what their conduct should be. to what extent do you believe that what happened at bp (british petrolium) is as much a breakdown in the company’s ethical systems as it is in its safety systems, and how would you defend your conclusion?

6. why the aggregate supply curve slopes upward in the short run in the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. several theories explain how this might happen. for example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. consider a soybean farmer who expects a price level of 100 in the coming year. if the actual price level turns out to be 90, soybean prices will , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by the quantity of soybeans supplied. if other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to the natural level of output in the short run.