If the Money Wage Rate Falls, Then

question 62

Multiple Choice

If the money wage rate falls, then

• A)the AD curve shifts rightward.
• B)firms hire less labour.
• C)the LAS curve shifts rightward.
• D)the SAS curve shifts rightward.
• E)the LAS curve and the SAS curve shift rightward.

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Definitions:

Flowchart

A diagram that displays the sequence of work steps in a process or system.

Numbering Systems

A system of assigning numbers to items in a way that demonstrates their order, position, or identification.

Incorporating Graphs

The action of including graphical representations of data or information within a document or presentation.

Roman Numerals

A numeral system originating in ancient Rome, using combinations of letters from the Latin alphabet to signify values.