Other Things Equal, an Increase in Consumer Wealth Will

question 100

Multiple Choice

Other things equal, an increase in consumer wealth will

• A) increase aggregate supply.
• B) increase aggregate demand.
• C) reduce the price level.
• D) reduce the money supply.

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Definitions:

Payroll Checks

Checks issued to employees for the wages or salaries they have earned during a specific pay period.

Unemployment Tax Rates

The percentages that employers are required to pay on behalf of their employees to the government for unemployment insurance.

Employer's Payroll

This encompasses the total amount of all compensation that a business must pay to its employees for a set period of time or on a given date.

May Wages

The total payroll expenses incurred for labor during the month of May.