Multiple Choice
Suppose that the money wage in the economy increases by 8 percent. As a result the
A) short-run aggregate supply will decrease.
B) long-run aggregate supply will decrease.
C) long-run and the short-run aggregate supply both decrease.
D) long-run aggregate supply will increase and the short-run aggregate supply will decrease.
Correct Answer:
Verified
Correct Answer:
Verified
Q122: What is the difference between the long-run
Q130: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -The above figure
Q131: One reason that the aggregate demand curve
Q132: A decrease in government expenditure on goods
Q134: A decrease in government expenditure shifts the
Q136: If the economy is at long run
Q137: One result of a decrease in aggregate
Q138: If the money prices of resources changes,<br>A)
Q139: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -In the above
Q140: The short-run aggregate supply curve shifts leftward