If the money wage rate rises,
A) the AS curve shifts leftward.
B) there is a movement down along the AS curve.
C) there is neither a movement along or a shift in the AS curve.
D) the AS curve shifts rightward.
E) there is a movement up along the AS curve.
A
You might also like to view...
The issuer of a bond is a
A) borrower. B) creditor. C) saver. D) lender.
When a firm is on the flat portion of its long-run ATC curve,
A. it is experiencing constant returns to scale. B. changing its firm size will not affect its total cost per unit. C. it is capturing the lowest average total costs possible in the industry. D. All of these are possibly true.
Which of the following is not among the factors that could shift the supply of pounds curve? You may assume all other factors are held constant
a. A change in U.S. real GDP. b. A change in British real GDP. c. An increase in the U.S. interest rate. d. A change in British tastes for American goods. e. An increase in the U.S. price level.
In order to analyze migration in the long run, it is appropriate to use:
a. the specificfactors model with free movement of labor across borders. b. the HeckscherOhlin model with free movement of labor across borders. c. the Ricardian model with no movement of labor across borders. d. the PPF modified for three goods, three factors of production (all fixed), and three nations.