In the Short Run,a Decrease in Wage Rates,ceteris Paribus,shifts the

question 5

Multiple Choice

In the short run,a decrease in wage rates,ceteris paribus,shifts the

• A) AD curve to the right,causing equilibrium price level to rise and equilibrium Real GDP to increase.
• B) AD curve to the left,causing equilibrium price level to fall and equilibrium Real GDP to decrease.
• C) SRAS curve to the right,causing equilibrium price level to fall and equilibrium Real GDP to increase.
• D) SRAS curve to the left,causing equilibrium price level to rise and equilibrium Real GDP to decrease.

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Definitions:

Small Group

A team or a gathering of a few individuals who interact with each other, typically with a common purpose or goal.

Workplace Trends

Emerging patterns or shifts in the work environment and employment practices, reflecting changes in technology, demographics, economic conditions, and societal values.

Human Relations

The study and management of how people interact within groups, often used to improve employee relationships and morale.

New Dimension

An aspect, feature, or factor that is distinctly different from those previously known or explored.