Everything Else Held Constant,if Workers Expect an Increase in Inflation,________

question 41

Multiple Choice

Everything else held constant,if workers expect an increase in inflation,________ aggregate supply ________.

• A)long-run;increases
• B)long-run;decreases
• C)short-run;decreases
• D)short-run;increases

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Definitions:

Verbal Promise

An agreement or commitment made orally rather than in written form; its enforceability varies depending on the nature of the agreement and the context under law.

Executor

A person or institution appointed by a testator to carry out the terms of their will.

Charitable Tax Relief

Financial deductions available to taxpayers who make contributions to legally recognized nonprofit organizations.

Valid and Enforceable

Pertaining to a contract or agreement that is legally binding and can be upheld in a court of law.