If the money wage rate falls, then
A) the AD curve shifts rightward.
B) firms hire less labour.
C) the LAS curve shifts rightward.
D) the SAS curve shifts rightward.
E) the LAS curve and the SAS curve shift rightward.
Correct Answer:
Verified
Q6: Which one of the following newspaper quotations
Q7: Potential GDP is the level of real
Q8: Which one of the following newspaper quotations
Q9: Potential GDP
A)increases as the price level rises.
B)is
Q10: The long-run aggregate supply curve is vertical
Q12: The short-run aggregate supply curve is the
Q13: The long-run aggregate supply curve is
A)vertical.
B)negatively sloped.
C)positively
Q14: Use the figure below to answer the
Q15: Which one, if any, of the following
Q16: Which one of the following newspaper quotations
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