-The Data in the Above Table Show That When the |

question 308

Multiple Choice

$$\begin{array} { | l | l | l | l | } \hline \begin{array} { l } \text { Price } \\\text { level }\end{array} & \begin{array} { l } \text { A ggregate } \\\text { demand } \\\text { (trillions of } \\\text { 2005 dollars) }\end{array} & \begin{array} { l } \text { Short-run } \\\text { aggregate } \\\text { supply } \\\text { (trillions of } \\\text { 2005 dollars) }\end{array} & \begin{array} { l } \text { Long-run } \\\text { aggregate } \\\text { supply } \\\text { (trillions of } \\\text { 2005 dollars) }\end{array} \\\hline 140 & 4 & 8 & 7 \\\hline 130 & 5 & 7 & 7 \\\hline 120 & 6 & 6 & 7 \\\hline 110 & 7 & 5 & 7 \\\hline 100 & 8 & 4 & 7 \\\hline\end{array}$$
-The data in the above table show that when the price level is 120, if aggregate demand does not change then the

• A) money wage rate will rise in the future.
• B) money wage rate will fall in the future.
• C) long-run aggregate supply curve will shift leftward.
• D) short-run aggregate supply curve will shift leftward.

Comprehend the financial reporting requirements for plant and intangible assets.

Identify specific economic periods characterized by inflation, deflation, and stagflation.

Understand the causes and effects of economic recessions and depressions in U.S. history.

Recognize the role of governmental policies in shaping economic outcomes.

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