A Change in the Money Wage Rate Shifts

question 163

Multiple Choice

A change in the money wage rate shifts

• A) both the SAS and LAS curves.
• B) the LAS curve but not the SAS curve.
• C) the SAS curve but not the LAS curve.
• D) neither the SAS nor the LAS curve.

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Definitions:

Subsidiary

A company that is completely or partially owned and wholly controlled by another company, known as the parent company.

Corporate Takeover

The acquisition of one company, called the target company, by another, referred to as the acquiring company, which effectively allows the acquiring company to make decisions for the target company.

Distribution

Payment made by a firm to its owners from sources other than current or accumulated earnings.

Going-Private Transaction

A corporate action in which a company's outstanding public shares are bought out, usually by a private investor, to delist it from public stock exchanges.