Andrew Jackson opposed the national bank because he thought it was a threat to the traditional ideals with which America was endowed
The Long-Run Aggregate Supply Curve measures the potential output.
B)
Changes in Real GDP effect the quantity of aggregate output supplied
greatly
C)
Changes in Real GDP has no effect on the quantity of aggregate output
supplied
D)
Changes in Aggregate Price Level has no effect on the quantity of
aggregate output supplied.
The Long-Run Aggregate Supply (LRAS) curve is vertical because it represents the economy's potential maximum output, which is not influenced by changes in prices (Aggregate Price Level) in the long run.
The Long-Run Aggregate Supply (LRAS) curve is vertical because it represents the total quantity of goods and services produced by an economy at full employment. This capacity is fixed in the long run as it is determined by factors such as capital, labor, technology, and natural resources available in the economy. Therefore, changes in the Aggregate Price Level have no effect on the quantity of aggregate output supplied in the long-run because output is already at its maximum, hence the vertical LRAS curve.
While option B suggests changes in Real GDP affect the quantity of aggregate output supplied greatly, which is true in the short run represented by short-run aggregate supply (SRAS) curve, but in the long run, the quantity of aggregate output supplied is independent of the price level, reflecting option D, which is why a LRAS curve is vertical.
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B. It was established to help the President perform his duties.
C.It's members have little real responsbility or authority.
D.It makes decisions that the president must follow.
The correct response is option (b), meaning that it was founded to assist the President in carrying out his duties.
The Cabinet has a history that extends back to the early days of the Presidency. The Cabinet, which was established by Article II, Section 2, of the Constitution, has the responsibility of advising the President on any matter relevant to the responsibilities of each member's individual office.
The 15 executive department heads make up the Cabinet, an advisory body. The members of the Cabinet are frequently the President's closest allies and are chosen by the President and ratified by the Senate.
The purpose of the Cabinet is to advise the President on any matter pertaining to the responsibilities of each member's individual post.
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False. The stock exchange scene has undergone significant changes over time. While floor trading and human brokers were once the primary methods, most stock exchanges have transitioned to electronic trading platforms. These platforms facilitate faster and more efficient trading, reducing the need for physical trading floors and human intervention.
The statement is false because the stock exchange scene has evolved substantially, largely driven by advancements in technology. Historically, stock exchanges were characterized by physical trading floors, where human brokers conducted transactions in person. However, in recent decades, technology has transformed this landscape.
The advent of electronic trading platforms, such as NASDAQ and NYSE Arca, has revolutionized stock trading. These platforms enable traders to execute orders electronically, eliminating the need for a physical trading floor and reducing the role of human brokers. Algorithms and automated trading systems have become prevalent, further reducing human involvement and increasing trading speed and efficiency.
While some traditional stock exchanges may still have remnants of floor trading, the majority of trading activity occurs electronically. This shift has made stock trading more accessible to a global audience, increased trading efficiency, and improved price discovery processes.
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