Solved

(Figure: Aggregate Supply) Use Figure: Aggregate Supply

Question 17

Multiple Choice

(Figure: Aggregate Supply) Use Figure: Aggregate Supply. If the economy is at point E, nominal wages will _____, and the short-run aggregate supply curve will shift _____ until actual output is _____ potential output.
(Figure: Aggregate Supply)  Use Figure: Aggregate Supply. If the economy is at point E, nominal wages will _____, and the short-run aggregate supply curve will shift _____ until actual output is _____ potential output.   A) increase; left; equal to. B) increase; left; equal to C) increase; right; greater than D) increase; right; greater than. E) decrease; right; equal to F) decrease; right; equal to. G) decrease; right; less than. H) decrease; right; less than


A) increase; left; equal to.
B) increase; left; equal to
C) increase; right; greater than
D) increase; right; greater than.
E) decrease; right; equal to
F) decrease; right; equal to.
G) decrease; right; less than.
H) decrease; right; less than

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions