Which of the Following Statements Is False

question 153

Multiple Choice

Which of the following statements is false?

• A) An increase in wage rates causes producers to move up the SRAS curve.
• B) An increase in the price level causes producers to move up the SRAS curve.
• C) The SRAS curve is upward sloping.
• D) The long-run aggregate supply curve is vertical.

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Definitions:

Acid

Substances that release hydrogen ions (H+) when dissolved in water, characterized by their sour taste and the ability to turn litmus paper red.

Oxidized

The state of a molecule that has lost electrons, often associated with a gain of oxygen or loss of hydrogen.

Reduced

In chemistry, it refers to the gain of electrons by a molecule, atom, or ion.

Oxidized

The process by which a substance loses electrons, often associated with the gain of oxygen or loss of hydrogen, in chemical reactions.