If Membership in Labor Unions Falls, Production Costs Will

question 140

Multiple Choice

If membership in labor unions falls, production costs will:

• A) increase, and SRAS will shift to the left, decreasing equilibrium GDP and increasing the aggregate price level.
• B) fall, there will be a downward movement along SRAS, equilibrium GDP will increase, and aggregate price level will fall.
• C) not change and AD will shift to the right, increasing equilibrium GDP and aggregate price level.
• D) fall and SRAS will shift to the right, increasing equilibrium GDP and lowering the aggregate price level.

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