Other Things Being Equal,which of the Following Situations Will Cause

question 68

Multiple Choice

Other things being equal,which of the following situations will cause unit costs to rise and the AS curve to shift upward?

• A)There is a fall in the price of oil.
• B)The government reduces payroll taxes.
• C)Wage increases exceed productivity increases.
• D)Wages increase at the same rate that labour productivity increases.
• E)Wage and price controls are in effect.

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Definitions:

Glycogen

A multibranched polysaccharide of glucose that serves as a form of energy storage in animals and fungi.

Spoon-shaped Nails

A condition where the nails become concave and resemble the shape of a spoon, often indicative of iron deficiency anemia.

Imbalanced Nutrition

A nutritional state where intake of nutrients is not in proper proportion to meet the body's needs, leading to undernutrition or overnutrition.

Iron

A mineral essential for human life, involved in creating red blood cells, which carry oxygen around the body.