(Figure: Aggregate Supply) Use Figure: Aggregate Supply. If the economy is at point E, nominal wages will _____, and the short-run aggregate supply curve will shift _____ until actual output is _____ potential output.
A) increase; left; equal to.
B) increase; left; equal to
C) increase; right; greater than
D) increase; right; greater than.
E) decrease; right; equal to
F) decrease; right; equal to.
G) decrease; right; less than.
H) decrease; right; less than
Correct Answer:
Verified
Q149: Which curve is easiest to shift through
Q150: According to the interest rate effect, an
Q151: The intersection of the aggregate demand curve
Q152: If declining labor union membership causes workers
Q153: (Figure: Aggregate Supply) Use Figure: Aggregate Supply.
Q155: The level of output that is produced
Q156: The point where the long-run aggregate supply
Q157: A rise in labor productivity will MOST
Q158: Suppose that consumer expectations improve. This will
Q159: The short-run aggregate supply curve is:
A)downward sloping.
B)downward
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents