The Aggregate Supply Curve Has Its Particular Shape Because of Which

question 50

Multiple Choice

The aggregate supply curve has its particular shape because of which of the following explanations?

• A) An increase in the nominal wage causes a decrease in the amount of output that firms are willing to produce.
• B) An increase in the aggregate price level will cause an increase in the interest rate and a decrease in output.
• C) An increase in output causes an increase in employment, a decrease in unemployment, an increase in the nominal wage and an increase in the price level.
• D) A decrease in output causes a decrease in employment, a decrease in unemployment, an increase in the nominal wage and an increase in the price level.
• E) A decrease in the aggregate price level causes a decrease in nominal money demand and a decrease in the interest rate.

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