Multiple Choice
Which of the following statements regarding aggregate supply are CORRECT?
A) Moving along the long-run aggregate supply curve, both the price level and the money wage rate change by the same percentage.
B) Moving along the short-run aggregate supply curve, both the price level and the money wage rate change by the same percentage.
C) Moving along the long-run aggregate supply curve, the money wage rate changes but the price level is constant.
D) Moving along the short-run aggregate supply curve, the money wage rate changes but the price level is constant.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: An aggregate supply curve depicts the relationship
Q18: If higher inflation is expected in the
Q103: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q117: Which school of thought believes that recessions
Q137: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above
Q150: The table below shows data for India's
Q162: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q252: The short-run aggregate supply curve<br>A) shows what
Q270: In the short-run, a rise in the
Q413: The SAS curve shifts if there is