What is the relationship between the three views of aggregate supply?
Q. What is the relationship between the three views of aggregate supply? Why do economists tend to focus on the Phillips curve to the exclusion of the other two views?
Asked by Kwan2007 - Sat Dec 8 02:56:20 2007 - - 1 Answers - 0 Comments

A. All three views lead to a short-run AS curve that is upward sloping. However, the three views tend to put emphasis on different aspects of the labor and goods markets. With the sticky wage model, there is a market imperfection in the labor market, but the goods market clears. In the sticky price model, there is a market imperfection in the good market, but the labor market is always clearing. In the imperfect information model, both markets clear. The sticky price model seems to explain things better than the other two models. For example, sticky wages leads to wages rising during a recession, when we know the opposite is true. Hope this helps.
Answered by Allan - Mon Dec 10 17:23:09 2007

What are Obama's views and voting records on taxing items purchased on the internet?
Q. Please supply a link if you have one. Do you agree with his views? Why or why not?
Asked by Witchy - Wed Nov 19 12:39:35 2008 - - 3 Answers - 0 Comments

A. Present!
Answered by Scott - Wed Nov 19 12:43:48 2008

What is the difference between views of justification among Christians?
Q. The Catholic and (the many different) Protestant views of how we are justified before God are so divergent, and I'd like to know once and for all which view is correct. Also, how I can know this for sure? This is a life or death issue because it concerns salvation, so I'd appreciate only serious answers. Thanks!
Asked by Andi Claire - Wed Sep 3 09:55:05 2008 - - 7 Answers - 0 Comments

A. The Jesus Catholics believe in and worship has by His Passion and Death, by the shedding of His Precious Blood on the Cross, actually made righteous and truly justified those to whom the grace and merit of His Passion is communicated (Rom.5:19; 1 Cor.6:11; 2 Cor.5:17; Eph.4:23-24; 2 Pet.1:4). The Blood of the Catholic Jesus actually cleanses the souls of those who have been (validly) baptized from both Original Sin and any actual sins committed before hand. These souls are objectively made righteous and beautiful before God. The Passion and death of Jesus for Protestants has no ontological (i.e. actual) effect on the soul. In other words, the application of the fruit of the death of "their" Jesus brings about no objective change upon the… [cont.]
Answered by Volpius - Fri Sep 5 19:17:23 2008