When the Level of Wages in an Economy Fully Adjust

question 64

Multiple Choice

When the level of wages in an economy fully adjust to changes in inflation, _____.

• A) aggregate supply will increase
• B) aggregate supply will remain constant
• C) aggregate supply will decrease
• D) firms' costs and revenues will vary frequently

---

Definitions:

Developmental Adaptations

Adjustments organisms make during their growth to better survive and reproduce in their environments.

Physiological Adaptations

Changes in an organism's internal processes that enhance its ability to survive and reproduce in its environment.

Prehistory

The period of human history before written records were made, studied through archaeology and anthropology.

Material Culture

The physical objects, resources, and spaces that people use to define their culture, including buildings, tools, and artifacts.