Multiple Choice
Which one of the following newspaper quotations describes a shift of only the SAS curve?
A) "The recent tornadoes destroyed many factories in Calgary and Edmonton."
B) "The decrease in consumer spending may lead to a recession."
C) "Recent higher wage settlements are expected to cause higher inflation this year."
D) "Growth has been unusually high the last few years due to more women entering the work force."
E) "The increase in consumer spending is expected to lead to inflation, without any increase in real GDP."
Correct Answer:

Verified
Correct Answer:
Verified
Q49: Which of the following does not change
Q50: An increase in the money wage rate
Q51: Suppose there is an increase in the
Q52: Use the table below to answer the
Q53: The actual unemployment rate equals the natural
Q55: Use the table below to answer the
Q56: Full- employment equilibrium occurs when<br>A)all who are
Q57: Autoworkers agree to a cut in the
Q58: Use the figure below to answer the
Q59: Use the figure below to answer the