Which of the Following Statements Regarding Aggregate Supply Is Correct

question 127

Multiple Choice

Which of the following statements regarding aggregate supply is correct?

• A)Moving along the long- run aggregate supply curve, the money wage rate changes but the price level is constant.
• B)Moving along the short- run aggregate supply curve, the money wage rate changes but the price level is constant.
• C)Moving along the short- run aggregate supply curve, both the price level and the money wage rate change by the same percentage.
• D)Moving along the long- run aggregate supply curve, both the price level and the money wage rate change by the same percentage.

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Definitions:

Deceptive Behavior

Actions intended to mislead or trick others into believing something that is not true.

Bad-news Message

Communication designed to convey unfavorable or disappointing information in a careful and considerate manner.

Off the Cuff

Spoken or acted upon without much prior preparation or thought; impromptu.

Bad News

Information that is unpleasant, disappointing, or negative, often causing distress to the recipient.