-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.

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Definitions:

Enzymes

Biological molecules that significantly speed up the rate of virtually all of the chemical reactions that take place within cells.

Plasmodesmata

Channels in plant cell walls that enable communication and transport between cells.

Cytoplasm

The cytoplasm is the gel-like material inside the cell membrane of all cell types, containing organelles and soluble molecules like enzymes and nutrients, involved in cellular processes.

Energy Transformations

The process of changing one form of energy into another, such as the conversion of electrical energy to heat energy.