Multiple Choice
What is the effect of an increase in input prices on the short-run aggregate supply curve?
A) It shifts rightward, which means the quantity supplied at any price level increases.
B) It shifts leftward, which means the quantity supplied at any price level increases.
C) It shifts rightward, which means the quantity supplied at any price level declines.
D) It shifts leftward, which means the quantity supplied at any price level declines.
Correct Answer:
Verified
Correct Answer:
Verified
Q81: Why do wage increases along with increases
Q104: How does the misperception effect explain why
Q105: What impact does good supply shock have
Q106: What happens to unemployment and real output
Q107: How will an increase in money wages
Q108: If real output is currently less than
Q110: What could an increase in LRAS due
Q111: When there is a contractionary gap,one is
Q112: Suppose that personal income rises from $3000
Q114: Figure 9-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5766/.jpg" alt="Figure 9-2