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-Refer to Figure 13

Question 74

Multiple Choice

-Refer to Figure 13.8. If the AD conditions illustrated persist: A) high unemployment rates will reduce rates of wage growth and shift AS up to A. B) high unemployment rates will reduce rates of wage growth and shift AS down to B. C) low unemployment rates will raise rates of wage growth and shift AD to B. D) low unemployment rates will raise rates of wage growth and shift AS up to A.
-Refer to Figure 13.8. If the AD conditions illustrated persist:


A) high unemployment rates will reduce rates of wage growth and shift AS up to A.
B) high unemployment rates will reduce rates of wage growth and shift AS down to B.
C) low unemployment rates will raise rates of wage growth and shift AD to B.
D) low unemployment rates will raise rates of wage growth and shift AS up to A.

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