Multiple Choice
In the short run,a decrease in wage rates,ceteris paribus,shifts the
A) AD curve to the right,causing equilibrium price level to rise and equilibrium Real GDP to increase.
B) AD curve to the left,causing equilibrium price level to fall and equilibrium Real GDP to decrease.
C) SRAS curve to the right,causing equilibrium price level to fall and equilibrium Real GDP to increase.
D) SRAS curve to the left,causing equilibrium price level to rise and equilibrium Real GDP to decrease.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: An increase in the price of a
Q2: Aggregate demand curves are<br>A) downward sloping.<br>B) upward
Q3: The dollar appreciates against foreign currencies.This makes
Q4: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q6: Individuals' expectations of lower future prices is
Q7: The short-run aggregate supply (SRAS)curve shows the
Q8: A simultaneous rise in aggregate demand and
Q9: Individuals' expectations of higher future income is
Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q11: Which of the following statements is false?<br>A)