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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Definitions:

Independent Variable

The variable that is manipulated or changed in an experiment to test its effects on dependent variables.

Room Decorations

Elements and objects used to enhance the aesthetic appeal and functionality of a living space.

Food Consumed

The types and amounts of food ingested by an organism or individual.

Independent Variable

An independent variable is a factor or condition that is intentionally changed by the researcher to observe its effects on a dependent variable in an experiment.