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Two sleds are hooked together in tandem as shown in the figure. The front sled is twice as massive as the rear sled. The sleds are pulled along a frictionless surface by an applied force . The tension in the rope between the sleds is
.
Determine the ratio of the magnitudes of the two forces, .
Long-Run Aggregate Supply
The total output of goods and services that an economy can produce when both labor and capital are fully employed, at full capacity.
Long-Run Phillips Curve
A macroeconomic concept that suggests there is no long-term trade-off between inflation and unemployment, implying that in the long run, the economy reaches a natural rate of unemployment regardless of inflation.
Natural Rate
The natural rate often refers to the natural rate of unemployment, which is the level of unemployment consistent with a stable inflation rate over time.
Phillips Curves
A graphical representation indicating the inverse relationship between the rate of unemployment and the rate of inflation in an economy.
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