Multiple Choice
Which of the following statements is false?
A) An increase in wage rates causes producers to move up along the SRAS curve.
B) An increase in the price level causes producers to move up along the SRAS curve.
C) The short-run aggregate supply (SRAS) curve is upward sloping.
D) The long-run aggregate supply (LRAS) curve is vertical.
Correct Answer:
Verified
Correct Answer:
Verified
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