y = sin (.5x). The coefficient b in the above graph is 2, so the period of the sine curve changed by a factor of 1/2, making the new period Ï, or about 3.14. y = sin (.5x). For the above graph, the coefficient b = 1/2, so the period of the sine curve will be twice as long as it usually is, or 4 Ï. y = sin (3x).
The term silent revolution refers here to a shift in the prevailing paradigm for international economic and political relations, away from tendencies toward autarky, insularity, mercantilism, and governmental planning and control over economic activity; and toward a common set of beliefs and policies based on open international trade and finance, competitive pricing and production decisions, and cooperation between countries.
At the short run equilibrium (P3 and 400bn real output) there is a negative output gap of 100bn, given that the maximum possible output is 500bn.A negative output gap is also called a recessionary gap. In the Classical system, the economy is assumed to self-adjust.n this case, the short run equilibrium is at a higher level of real output than the economy can actually produce, as illustrated below. The short run equilibrium position (P6 and a real poutput of 550bn) is above the full employment, creating a positive output gap.