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In a Short- Run Macroeconomic Equilibrium, Potential GDP Exceeds Real

Question 3

Multiple Choice

In a short- run macroeconomic equilibrium, potential GDP exceeds real GDP. If aggregate demand does not change, then the


A) long- run aggregate supply curve will shift leftward as the money wage rate falls.
B) short- run aggregate supply curve will shift rightward as the money wage rate falls.
C) long- run aggregate supply curve will shift leftward as the money wage rate rises.
D) short- run aggregate supply curve will shift leftward as the money wage rate rises.

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