Exposure to the very high intensity electromagnetic fields found in the immediate vicinity of certain sources such as radar installations and TV or radio transmitters can produce electrical shock or a variety of heating effects, which may range from a sensation of warmth to burns and eventual cataract formation.
S 1 is a vertical, perfectly inelastic, supply curve. This represents 'momentary' supply. In most industries, if a firm was asked to produce a large order immediately, it simply would not be able to do it, regardless of the price offered for the order. Supply is perfectly inelastic in the very short run.
20. If the long-run aggregate supply curve is vertical, then changes in aggregate demand affect:A) neither prices nor level of output.B) both prices and level of output.C) level of output but not prices.D) prices but not level of output.21.. If the short-run aggregate supply curve is horizontal, then the:A) classical dichotomy is satisfied.B) money supply cannot affect prices in the short run.C) money supply cannot affect output in the short run.D) money supply is irrelevant in the short run.5.