Multiple Choice
Suppose the price level, the money wage, and the price of all other resources rise by 10 percent. This set of changes leads to
A) an upward movement along the SAS curve.
B) a downward movement along the LAS curve.
C) a leftward shift of the LAS curve.
D) an upward movement along the LAS curve.
Correct Answer:
Verified
Correct Answer:
Verified
Q168: The short-run aggregate supply curve shifts because
Q288: A decrease in the price level accompanied
Q289: Which of the following is true about
Q291: If you have $5,000 in wealth and
Q292: The aggregate demand curve shows the relationship
Q296: An example of monetary policy is an
Q297: An increase in the price level creates
Q298: Which of the following increases aggregate demand
Q325: How are potential GDP, full employment and
Q413: The SAS curve shifts if there is