Which of the Following Statements Regarding Aggregate Supply Are Correct

question 215

Multiple Choice

Which of the following statements regarding aggregate supply are correct?

• A) Moving along the long-run aggregate supply curve, the money wage rate changes but the price level is constant.
• B) Moving along the short-run aggregate supply curve, the money wage rate changes but the price level is constant.
• C) Moving along the long-run aggregate supply curve, both the price level and the money wage rate change by the same percentage.
• D) Moving along the short-run aggregate supply curve, both the price level and the money wage rate change by the same percentage.

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