An Increase in Wages Will Cause the Aggregate Supply Curve

question 63

Multiple Choice

An increase in wages will cause the aggregate supply curve to

• A)shift outward.
• B)shift inward.
• C)become flatter.
• D)become steeper.

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Definitions:

Concurrent Power

Powers in federal systems that are shared by both the state governments and the federal government.

States' Rights

The rights and powers held by individual US states rather than by the federal government, a principle often invoked in debates over federalism and the balance of power.

Civil War

A war between citizens of the same country.

American Federalism

A system of government in which power is divided between a national (federal) government and various state governments.