What is long run supply curve
Please brief the knowledge what is long run supply?
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Long run supply: It is a graph represents the long run supply curve.
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Define the "full-employment" or "natural" rate of unemployment and give its approximate percentage rate as economists currently define it.
Why the repayment of loan is a capital expenditure? Answer: Repayment of loan is taken as a capital expenditure since it diminishes the liabilities of Government.
Whenever longer periods are considered and hence bigger ranges of adjustments (that is, substitutions) become probable, demand curves tend to become: (i) Flatter, and therefore do supply curves. (ii) Flatter, as supply curves become steeper. (iii) Ste
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What are the strength and weakness of using per capital national income? give explained answer for query
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
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