If Workers Demand and Receive Higher Real Wages (A Successful

question 33

Multiple Choice

If workers demand and receive higher real wages (a successful wage push) ,the cost of production ________ and the short-run aggregate supply curve shifts ________.

• A)rises;leftward
• B)rises;rightward
• C)falls;leftward
• D)falls;rightward

---

Definitions:

Net Profit Margin

A financial metric that measures how much of every dollar earned in revenue is translated into profit after all expenses are deducted.

After-tax Profit

The amount of net income left over after all taxes have been deducted from total revenues.

Inventory Turnover

A measure of how many times a company’s inventory is sold and replaced over a period, indicating efficiency in inventory management.

Cash-to-cash Cycle

The time duration it takes for a company to convert its investments in inventory and other resources into cash flows from sales.