Other Things Being Equal,unit Costs Will Rise and the AS Curve

question 37

Multiple Choice

Other things being equal,unit costs will rise and the AS curve will shift upward if

• A)there is a fall in the price of oil.
• B)the government reduces payroll taxes.
• C)wage increases exceed productivity increases.
• D)wages rise.
• E)wage and price controls are in effect.

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Definitions:

Job Context

The work environment and all the conditions, including tasks and responsibilities, that influence one's job.

Motivating Potential Score

A numeric index used to predict job satisfaction and motivation potential, based on the design of a job and five core job characteristics.

Growth Need Strength

The degree to which an individual requires personal growth and development within their job.

Task Significance

The degree to which a job has a substantial impact on the lives of other people, within or outside the organization.