AIEEE Questions

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The first official International Women’s Day took place in 1911.

Revolution in Russia is the International event that led to the red scare.

Product costs are also called Inventoriable Costs, since the product costs are used to value their goods in inventory.

The long-run aggregate supply curve is vertical because it is at the full-employment or potential output. Because the economy's potential output is determined by the availability and productivity of real resources, not by the price level. That means that even if demand increases, firms can't hire new workers and expand because everyone is already working.

SPICE (Simulation Program with Integrated Circuit Emphasis) was introduced in May 1972 by the University of Berkeley, California.