The long-run aggregate supply curve is ________ because along it, as prices rise, the money wage rate ________
A) vertical; falls
B) vertical; rises
C) upward sloping; falls
D) upward sloping; stays constant
B
Economics
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High rates of saving today contribute to ________ in the future.
A. more capital gains B. a higher standard of living C. more unemployment D. higher tax rates
Economics
The long run aggregate supply curve (LRAS) also represents
A) the full-employment level of output. B) the full-information level of output. C) the full-adjustment level of output. D) all of the above.
Economics
Refer to Figure 4-4. What is the value of consumer surplus at a price of $18?
A) $60 B) $120 C) $180 D) $240
Economics
Explain how changes in the stock of capital affect aggregate supply
Economics