Other Things Being Equal, Unit Costs Will Rise and the AS Curve

question 24

Multiple Choice

Other things being equal, unit costs will rise and the AS curve will shift upward if

• A)the government reduces payroll taxes.
• B)wages rise.
• C)there is a fall in the price of oil.
• D)wage and price controls are in effect.
• E)wage increases exceed productivity increases.

---

Definitions:

High-Voltage

refers to electrical energy at a level high enough to inflict damage, harm, or death upon contact or capable of performing a substantial amount of work.

Splinter

A thin, sharp piece of wood.

Wood

A hard, fibrous material forming the trunk and branches of trees or shrubs, used for construction, fuel, and as a raw material for many products.

Sharp Piece

A fragment or object with a pointed or edged part capable of cutting or puncturing.