Suppose the Price Level, the Money Wage, and the Price

question 293

Multiple Choice

Suppose the price level, the money wage, and the price of all other resources rise by 10 percent. This set of changes leads to

• A) an upward movement along the SAS curve.
• B) a downward movement along the LAS curve.
• C) a leftward shift of the LAS curve.
• D) an upward movement along the LAS curve.

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Definitions:

William Calley

An officer in the United States Army who was found guilty of murdering 22 unarmed South Vietnamese civilians in the My Lai Massacre during the Vietnam War.

Army Lieutenant

A rank in various military forces, typically positioned above second lieutenant and below captain, often responsible for leading small military units.

Assassination Attempt

A failed or thwarted effort to kill a public figure or leader, often motivated by political, personal, or ideological reasons.

George Wallace

George Wallace was an American politician and four-time governor of Alabama, best known for his pro-segregation attitudes during the Civil Rights Movement and his attempt to block the desegregation of the University of Alabama in 1963.