An Increase in Wages Will Cause the Aggregate Supply Curve

question 63

Multiple Choice

An increase in wages will cause the aggregate supply curve to

• A)shift outward.
• B)shift inward.
• C)become flatter.
• D)become steeper.

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Definitions:

Principal

The primary party to a transaction, agreement, or contract, or the amount of money on which interest is paid or received.

Manifestations

Expressions or signs that something, especially a disease or a condition, is present.

Third Party

An individual or group besides the two primarily involved in a situation or transaction, often providing additional services or acting as an intermediary.

Authorized

Officially given permission or power to do something.