An Economy Adjust on Its Own to Close an Inflationary

question 44

Multiple Choice

An economy adjust on its own to close an inflationary gap because there is

• A)pressure on nominal wages to fall and this shifts the SRAS curve rightward.
• B)pressure on nominal wages to rise and this shifts the SRAS curve rightward.
• C)pressure on nominal wages to fall and this shifts the SRAS curve leftward.
• D)pressure on nominal wages to rise and this shifts the SRAS curve leftward.

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Definitions:

Plant Layouts

The arrangement of machinery, equipment, and other industrial facilities within a factory or production site, designed to optimize efficiency and workflow.