If the Money Wage Rate and the Price Level Both

question 227

Multiple Choice

If the money wage rate and the price level both rise by the same proportion,then in the figure above the potential GDP line ________,and the aggregate supply curve ________.

• A)shifts rightward;does not shift
• B)does not shift;shifts rightward
• C)shifts rightward;shifts rightward
• D)shifts rightward;shifts leftward
• E)does not shift;shifts leftward

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Definitions:

Human Adaptation

Refers to the ways in which humans have evolved physically and culturally to survive and thrive in a variety of environmental conditions.

Reproduce Culture

The process by which cultural beliefs, practices, norms, and values are passed from one generation to the next, ensuring cultural continuity over time.

Altiplano

A high plateau region located in the central Andes, notably across Bolivia and Peru, known for its high elevation and cold climate.

Andes

A vast mountain range stretching along the western edge of South America, the longest continental mountain range in the world.