An Increase in the Money Wage Rate Will Cause the Aggregate

question 118

Multiple Choice

An increase in the money wage rate will cause the aggregate supply curve to shift

• A)outward, which means the quantity supplied at any price level decreases.
• B)outward, which means the quantity supplied at any price level increases.
• C)inward, which means the quantity supplied at any price level increases.
• D)inward, which means the quantity supplied at any price level decreases.

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Definitions:

Goal Shielding

The cognitive process of maintaining focus on a goal by avoiding distractions and disregarding irrelevant information or activities.

Committed

Describes a state of being dedicated or loyal to a cause, activity, or mission.

Duplex Mind

A concept suggesting the mind has two different processing systems, one automatic and unconscious, and the other deliberate and conscious.

Automatic System

A cognitive system that operates quickly and without conscious effort, responsible for fast and intuitive reactions and judgements.