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Which of the Following Statements Regarding Aggregate Supply Is Correct

Question 27

Multiple Choice

Which of the following statements regarding aggregate supply is correct?


A) Moving along the long- run aggregate supply curve, the money wage rate changes but the price level is constant.
B) Moving along the short- run aggregate supply curve, the money wage rate changes but the price level is constant.
C) Moving along the short- run aggregate supply curve, both the price level and the money wage rate change by the same percentage.
D) Moving along the long- run aggregate supply curve, both the price level and the money wage rate change by the same percentage.

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