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.

---

Definitions:

License

A formal permission granted by a competent authority to engage in a certain activity or to use a specific item that would otherwise be illegal or infringing on rights.

Unethical Conduct

Behaviors or practices that violate moral or professional standards of behavior, often leading to disciplinary actions.

Ethical Considerations

Factors that relate to the determination of right and wrong in terms of moral principles, especially in professional conduct.

ABA Model Code

The American Bar Association Model Code of Professional Conduct is a set of guidelines and ethical standards for lawyers' professional behavior.