Which of the Following Is False

question 83

Multiple Choice

Which of the following is false?

• A)In long-run equilibrium, all prices, including wages, have fully adjusted to changes in aggregate demand or aggregate supply.
• B)The real wage is the nominal wage divided by the overall price level.
• C)The aggregate supply curve is always upward sloping.
• D)The aggregate demand curve is always downward sloping.

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Definitions:

Managing Activities

The actions taken by an organization to plan, organize, direct, and control its operational, financial, and administrative tasks.

Financing Activities

Activities relating to raising money from investors and creditors such as the issuance of stocks and bonds and long-term notes; also, repurchase of outstanding stock and retiring bonds and notes as well as paying dividends.

Retained Earnings Activities

The portion of net income left over for the business after it has paid out dividends to its shareholders, often reinvested into the business or kept as a reserve.

Operating Revenue

Income earned from a company's core business operations, excluding revenue from non-operating sources like investments.