Multiple Choice
If workers and other resource suppliers negotiate higher resource payments,which of the following is true?
A) The long-run aggregate supply curve will shift rightward.
B) There will be a leftward movement along a fixed short-run aggregate supply curve.
C) The long-run aggregate supply curve will shift leftward.
D) The short-run aggregate supply curve will shift rightward.
E) Higher resource payments will cause the price level to rise.
Correct Answer:

Verified
Correct Answer:
Verified
Q143: The aggregate supply curve reflects the relationship
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Q145: Exhibit 10-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 10-7
Q146: At the potential level of output,there is
Q147: An adverse supply shock would shift the<br>A)short-run
Q149: If the actual price level is less
Q150: If the economy were at its potential
Q151: Exhibit 10-12 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 10-12
Q152: Exhibit 10-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 10-7
Q153: Suppose firms are continually surprised by higher-than-expected