Multiple Choice
For this question,assume that expectations of P and A are correct.Now suppose that there is a 4% increase in A.Given this information,which of the following will occur?
A) The PS relation will shift up by 4%.
B) The WS relation will shift up by less than 4%.
C) The WS relation will shift down by 4%.
D) The PS relation will shift down by 4%.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: When the unemployment rate is on the
Q12: For this question,assume that the aggregate production
Q13: Some commentators will argue that increases in
Q14: For this question,assume that expectations of productivity
Q15: There are some concerns that technological progress
Q17: Suppose an economy experiences an increase in
Q18: Based on our understanding of the wage
Q19: Assume an economy experiences,for a given period,a
Q20: In recent years,the increasing relative wage of
Q21: Assume an economy experiences,for a given period,a