An Increase in the Money Wage Rate Shifts the Short-Run

question 358

Multiple Choice

An increase in the money wage rate shifts the short-run aggregate supply curve ________, while an increase in technology shifts the long-run aggregate supply curve ________.

• A) rightward; rightward
• B) rightward; leftward
• C) leftward; rightward
• D) leftward; leftward

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Definitions:

Problem Areas

Specific challenges or issues within a business or system that require attention and resolution for improved performance or outcomes.

Corrective Action

Measures taken to identify, eliminate, and prevent recurrence of defects or problems in a product, process, or system.

Variance Analysis

A technique used to identify and explain the reasons for differences between budgeted and actual financial performance.

Standard Costs

Predetermined costs assigned to goods and services, used as target prices to measure performance.