Multiple Choice
If the money wage rate falls,then
A) the AD curve shifts rightward.
B) firms hire less labour.
C) the LAS curve shifts rightward.
D) the SAS curve shifts rightward.
E) C and D.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q17: The defining feature of the Keynesian view
Q24: Which one,if any,of the following events shift
Q25: Consider an economy starting from a position
Q34: We observe an increase in the price
Q44: Use the table below to answer the
Q52: A technological advance shifts<br>A)both SAS and AD
Q83: An inflationary gap is the amount by
Q99: If the price level rises, then the
Q117: Everything else remaining the same, the short-run
Q131: If real GDP is greater than potential