A Reduction in Nominal Wages Will Cause Which of the Following

question 248

Multiple Choice

A reduction in nominal wages will cause which of the following?

• A) a movement along the short-run aggregate supply curve
• B) a shift of both the short-run and long-run aggregate supply curves
• C) a rightward shift in the short-run aggregate supply curve
• D) a leftward shift in the short-run aggregate supply curve to shift to the left

---

Definitions:

Frail Elderly

Older adults who are often vulnerable due to significant physical or cognitive decline.

Nursing Homes

Residential facilities that provide a range of personal and medical care services for individuals who are unable to live independently.

Grief

A deep sorrow, especially that caused by someone's death.

Numbness

A lack of physical sensation or emotional responsiveness, often resulting from injury, illness, or psychological conditions.