A Plumb Bob Located at Latitude 63 $\circ$ North Hangs Motionlessly with Respect to the Ground Beneath

question 54

Multiple Choice

A plumb bob located at latitude 63.0 ^$\circ$ north hangs motionlessly with respect to the ground beneath it.Determine the angle that the string supporting the bob makes with respect to a straight line going through the bob and the center of the Earth.

• A)0 \(\circ\)
• B)0.10 \(\circ\)
• C)0.20 \(\circ\)
• D)0.30 \(\circ\)
• E)Sufficient information is not given.

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Definitions:

Short-Run Aggregate Supply Curve

It depicts the relationship between the price level and the quantity of goods and services that firms are willing and able to produce in the short run, while some production costs are fixed.

Long-Run Aggregate Supply Curve

A graphical representation showing the relationship between the overall price level and the total output produced by an economy when all factors of production are variable.

Sticky Price Theory

An economic theory suggesting that prices of goods do not adjust immediately to changes in supply and demand, leading to disequilibrium in the market.

Sticky Wage Theory

The hypothesis that wages do not adjust quickly to changes in economic conditions, leading to unemployment and other inefficiencies.