Question
Within the AD-AS model, a phenomenon known as
stagflation is best represented by a shift in which curve, and with what consequence for the short-run equilibrium?Solution
• Stagflation is characterized by the simultaneous occurrence of stagnation (falling output/GDP) and inflation (rising prices). • This outcome is typically caused by a negative supply shock (e.g., a sudden increase in oil prices, wage demands, or natural disasters), which makes production more expensive at every price level. • SRAS Shift: A negative supply shock shifts the Short-Run Aggregate Supply (SRAS) curve to the left. • Equilibrium Effect: This shift causes the price level to rise (inflation) and the level of output to fall (stagnation/recession).
Which of the following materials is a good insulator?
What principle/law explains the working of the hydraulic brakes in automobiles?
Which of the following is not a simple machine?
A current-carrying conductor is placed perpendicular to a uniform magnetic field. The force on the conductor is given by:
If two bodies of different masses, initially at rest, are acted upon by the same force for the same time, then the both bodies acquire the same -
A point located 5cm away from a source of sinusoidal oscillations has a displacement equal to half of the maximum amplitude at time t=T/4 (where T is th...
Two billiard balls each of mass 0.02 kg moving in opposite directions with speed 5 m s−1 collide and rebound with the same speed. What is t...
What is the work to be done to increase the velocity of a car from 30 km h⁻¹ to 60 km h⁻¹ if the mass of the car is 1500 kg?
A particle enters a uniform magnetic field at some angle other than 90° or 0° to the field. The path followed by the particle is:
Which of the following organelles is NOT bound by a membrane?
Relevant for Exams:
