Question
In the Classical model, what is the shape of the
Aggregate Supply (AS) curve in the long run, and why?Solution
In the Classical model, the long-run AS curve is vertical. This is because the Classical economists believe that output is determined by the supply of factors of production (labor, capital, and technology) and not by the price level. Prices and wages are flexible, and the economy is always at full employment. Therefore, changes in the price level do not affect the total output in the long run.
First Krishi Vigyan Kendra was established at……….. under the administrative control of TNAU
Which classification of extension teaching methods involves using charts, models and exhibits?
 Safflower is which season crop?
Panchagavya includes:
The measure of which nutrient's square is found deficient in "Black Soil"?
The Gurgaon Project aimed at improving agriculture, education, health and sanitation facilities, co-operation, and social development with greater vigor...
Sand dunes are commonly seen in:
Tag colour of foundation seed is
Anti nutritional factor found in soyabean are
Which of the following is main objective of puddling in paddy? Â
