An Increase in the Money Wage Rate Shifts

question 50

Multiple Choice

An increase in the money wage rate shifts

• A)both the SAS curve and the LAS curve rightward.
• B)both the SAS curve and the LAS curve leftward.
• C)the LAS curve rightward, but leaves the SAS curve unchanged.
• D)the SAS curve rightward, but leaves the LAS curve unchanged.
• E)the SAS curve leftward, but leaves the LAS curve unchanged.

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Definitions:

General Journal

A primary accounting record used to record all types of financial transactions in chronological order.

General Ledger

A comprehensive record of all financial transactions within a company, used to compile financial statements.

Pay Period

The time frame over which an employee's work hours are recorded and for which they are compensated.