Most economists believe that real economic variables and nominal economic variables behave independently of each other in the long run.
for example, an increase in the money supply, variable, will cause the price level, variable, to increase but will have no long-run effect on the quantity of goods and services the economy can produce, variable. the notion that an increase in the quantity of money will impact the price level but not the output level is known as the short run, however, most economists believe that real and nominal variables are intertwined. economists use the model of aggregate demand and aggregate supply to examine the economy's short-run fluctuations around the long-run output level. the following graph shows an incomplete short-run aggregate demand (ad) and aggregate supply (as) diagram—it needs appropriate labels for the axes and curves. you will identify some of the missing labels in the questions that follow.
the vertical axis of the aggregate demand and aggregate supply model measures the overall .
the curve shows the quantity of goods and services that firms produce and sell at each price level.

Which of the following is a problem for the production of public goods?

Required information [the following information applies to the questions displayed below.] the following data is provided for garcon company and pepper company. garcon company pepper company beginning finished goods inventory $ 13,800 $ 18,850 beginning work in process inventory 16,700 20,700 beginning raw materials inventory 8,800 13,500 rental cost on factory equipment 28,250 26,650 direct labor 22,400 37,400 ending finished goods inventory 17,300 14,300 ending work in process inventory 23,200 19,400 ending raw materials inventory 5,900 9,600 factory utilities 11,250 15,000 factory supplies used 10,900 5,700 general and administrative expenses 32,500 44,500 indirect labor 2,500 9,880 repairs—factory equipment 4,820 2,150 raw materials purchases 41,500 63,000 selling expenses 54,800 49,000 sales 238,530 317,510 cash 33,000 23,700 factory equipment, net 222,500 124,825 accounts receivable, net 13,400 23,950 required: 1. complete the table to find the cost of goods manufactured for both garcon company and pepper company for the year ended december 31, 2017. 2. complete the table to calculate the cost of goods sold for both garcon company and pepper company for the year ended december 31, 2017.

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false