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According to Real Business Cycle Theorists,if the Long-Run Aggregate Supply

Question 25

Multiple Choice

According to real business cycle theorists,if the long-run aggregate supply (LRAS) curve shifts to the left,Real GDP __________,the price level __________,the demand for labor __________,money wages __________,real wages __________,and workers choose to work __________.


A) falls; falls; rises; fall; fall; less
B) falls; rises; rises; fall; rise; more
C) falls; rises; falls; fall; fall; less
D) rises; rises; falls; fall; rise; more
E) rises; falls; rises; fall; fall; more

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