Multiple Choice
Wage agreements may cause costs to be __________ flexible than prices so that __________ in the price level cause __________ in aggregate quantity supplied.
A) less; decreases; decreases
B) less; increases; increases
C) less; decreases; increases
D) more; decreases; increases
E) more; increases; increases
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The short-run aggregate supply curve slopes upward
Q3: Which of the following is true of
Q4: Which of the following would cause the
Q6: Which of the following is true regarding
Q8: A contractionary gap may be closed in
Q9: Wage agreements may cause costs to be
Q10: As actual output falls below the potential
Q11: If the actual price level exceeds the
Q12: Exhibit 10-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 10-4
Q98: In the long run,the price level is