Multiple Choice
An increase in the minimum wage would likely:
A) cause a movement up the short-run aggregate supply curve from left to right.
B) cause a movement down the short-run aggregate supply curve from right to left.
C) shift the short-run aggregate supply curve to the right.
D) shift the short-run aggregate supply curve to the left.
Correct Answer:

Verified
Correct Answer:
Verified
Q52: Use the following to answer questions:<br>Figure: Aggregate
Q53: A negative supply shock raises production costs
Q54: An increase in health care insurance premiums
Q55: Use the following to answer questions:<br>Figure: An
Q56: A recessionary gap gradually:<br>A) increases short-run aggregate
Q58: An improvement in the business outlook of
Q59: The purchasing power of money increased during
Q60: An inflationary gap caused by a demand
Q61: Use the following to answer questions:<br>Figure: AD-AS
Q62: An increase in government spending on health