If More Firms Chose to Pay Efficiency Wages,which of the Following

question 67

Multiple Choice

If more firms chose to pay efficiency wages,which of the following would shift to the right?

• A)both the long-run Phillips curve and the long-run aggregate supply curve
• B)the long-run Phillips curve but not the long-run aggregate supply curve
• C)the long-run aggregate supply curve but not the long-run Phillips curve
• D)neither the long-run Phillips curve nor the long-run aggregate supply curve

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Definitions:

Performance Report

A document that compares budgeted to actual financial results to gauge the performance of a department, project, or company.

Physical Basis

An accounting or evaluation method based on actual physical quantity or tangible assets measurement.

Joint Costs

Costs that are incurred to produce two or more products at the same time and cannot be easily attributed to a specific product.

Value Basis

The underlying valuation method used to determine the cost or value of assets, often in the context of taxation, accounting, or investment.