If Workers Demand and Receive Higher Real Wages, the Cost

question 27

Multiple Choice

If workers demand and receive higher real wages, the cost of production ________ and the short-run aggregate supply curve shifts ________.

• A) rises; leftward
• B) rises; rightward
• C) falls; leftward
• D) falls; rightward

---

Definitions:

Semiskilled Workers

Employees who possess some skills and training for their jobs, but do not require extensive education or specialized training.

Relationship Era

A period in marketing focusing on creating and maintaining long-term relationships with customers for sustained business success.

Individual Customers

Clients or consumers who purchase goods or services for personal use, as opposed to organizational or business clients.

Geriatric Division

A dedicated branch of a healthcare institution or service focused on the medical care and treatment of elderly patients.