If the Money Wage Rate Rises

question 103

Multiple Choice

If the money wage rate rises,

• A)there is neither a movement along or a shift in the AS curve.
• B)the AS curve shifts leftward.
• C)there is a movement down along the AS curve.
• D)the AS curve shifts rightward.
• E)there is a movement up along the AS curve.

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Definitions:

Operating Expenses

Costs associated with running a company’s day-to-day operations, such as salaries, rent, and utilities, but not including cost of goods sold.

Cost of Goods Sold

The immediate financial outlays associated with the creation of a company's sold products.

Net Sales

The amount of a company's gross sales minus returns, allowances, and discounts.

Operating Income

A measure of the profit a company generates from its operational activities, excluding revenues and expenses from non-operational activities.