Multiple Choice
With the nominal wage rate given,an increase in the price level leads to
A) movement downward along a short-run aggregate supply curve (SAS) .
B) movement upward along a short-run aggregate supply curve(SAS) .
C) a rightward shift of the short-run aggregate supply curve(SAS) .
D) a leftward shift of the short-run aggregate supply curve(SAS) .
Correct Answer:
Verified
Correct Answer:
Verified
Q6: If the marginal leakage rate is small,then
Q7: Which of the following groups was NOT
Q8: Most classical macroeconomists considered unemployment<br>A)a minor problem
Q9: When the price firms receive for their
Q10: With a fixed nominal wage the SAS
Q12: A fall in the price level causes<br>A)the
Q13: If firms hire workers until the real
Q14: The Pigou effect might be ineffective in
Q15: Pigou's explanation of the existence of unemployment
Q16: An increase in the nominal money supply