​   Macro AD-AS Model

question 170

Multiple Choice

​

  Macro AD-AS Model
In Exhibit 10A-4, the self-correction argument is that in the long run, competition:

• A) from unemployed workers causes an increase in nominal wages and a leftward shift in SRAS.
• B) from unemployed workers causes a rightward shift in SRAS.
• C) among firms for workers increases nominal wages and this causes a leftward shift in SRAS.
• D) among consumers causes an increase in the CPI and a rightward shift in SRAS.

---

Definitions:

Reaction Structure

The molecular arrangement and bonds of reactants and products in a chemical reaction process.

Perform Reaction

Conducting a chemical process where reactants are converted into products through the breaking and forming of chemical bonds.

Carry Out Transformation

The process of converting one chemical compound into another through a sequence of chemical reactions.

Reagents

Compounds or blends employed in chemical processes for the detection, quantification, analysis, or creation of different substances.