Which of These Is Assumed to Be Constant Along an Aggregate

question 21

Multiple Choice

Which of these is assumed to be constant along an aggregate supply curve?

• A)The price level in an economy
• B)The exchange rate between the domestic and a foreign currency
• C)The state of technology used in production
• D)The unemployment rate
• E)The real GDP

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Definitions:

Fair Labor Standards Act

A United States law that sets minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for employees in the private sector and government.

Employee Development

A planned effort to provide employees with the knowledge, skills, and abilities needed to accept new and more challenging job assignments within the company.

Challenging Job Assignments

Tasks or projects at work that are particularly difficult, requiring significant effort, skill, or creativity.

Knowledge

The awareness or understanding of facts, information, descriptions, or skills acquired through experience or education.