Multiple Choice
Exhibit 11-7
-The movement in Exhibit 11-7 could be caused by
A) a decrease in the real wage
B) an increase in the economy's capital stock
C) the actions of a cartel of resource suppliers
D) a decrease in consumer spending
E) an increase in labor productivity
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Which of the following would cause the
Q29: During recessions,workers resist efforts to reduce nominal
Q40: Wage rates are typically flexible upward but
Q43: If the economy is simultaneously in long-run
Q73: If the actual price level exceeds the
Q96: Given a downward-sloping aggregate demand curve,if short-run
Q104: When the expected price level falls below
Q123: A decrease in the expected price level
Q162: As an expansionary gap is closed in
Q210: Whether aggregate supply shifts quickly or slowly