Multiple Choice
If workers and other resource suppliers negotiate higher resource payments,which of the following is true?
A) The long-run aggregate supply curve will shift rightward.
B) There will be a leftward movement along a fixed short-run aggregate supply curve.
C) The long-run aggregate supply curve will shift leftward.
D) The short-run aggregate supply curve will shift rightward.
E) Higher resource payments will cause the price level to rise.
Correct Answer:
Verified
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