An Increase in the Money Wage Rate Shifts the Short-Run

question 404

Multiple Choice

An increase in the money wage rate shifts the short-run aggregate supply curve ; an increase in technology shifts the long-run aggregate supply curve .

• A) leftward; leftward
• B) rightward; rightward
• C) rightward; leftward
• D) leftward; rightward

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Definitions:

Split-up

A corporate action where a company divides its business operations into two or more independently run companies.

Complementary Resources

Assets or inputs that when used together enhance the value or productivity of each other in the production process.

Corporate Restructurings

The process of significantly changing a company's operations, structure, or financial setup, often to improve profitability or efficiency.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation and gives holders voting rights.