Examlex

Solved

Suppose That the Government Enforced a Law Which Required Employers

question 147

Multiple Choice

Suppose that the government enforced a law which required employers to adjust nominal wages monthly by the previous month's CPI.The short-run SAS curve would shift ________ and the SP curve would be ________.


Definitions:

External Locus

The belief that one's successes or failures result from external factors beyond one's control.

Type A Personality

A personality configuration characterized by a constant sense of urgency, competitiveness, impatience, and high stress.

Type B Personality

A personality trait characterized by a composed, indulgent, and leisurely disposition.

External Locus

A belief that one's life events are largely determined by external factors, forces, or agents beyond one's control.

Related Questions