If Wages Are Sticky, Then a Greater Than Expected Increase

question 263

Multiple Choice

If wages are sticky, then a greater than expected increase in the price level

• A)raises the real costs of production, so the short-run aggregate supply curve shifts left.
• B)raises the real costs of production, so the aggregate quantity of goods and services declines.
• C)reduces the real costs of production, so the short-run aggregate supply curve shifts right.
• D)reduces the real costs of production, so the aggregate quantity of good and services rises.

---

Definitions:

King Glele

A 19th-century ruler of the Kingdom of Dahomey, located in present-day Benin, known for his military campaigns and efforts to resist French colonization.

Fon People

An ethnic group primarily found in Benin, known for their rich cultural heritage, including the Vodun religion, which influenced the development of Voodoo in the Americas.

Commissioned

Refers to the act of formally requesting or hiring someone to create a specific piece of work, often relating to art or architecture.

Dogon Mask

Traditional African masks crafted by the Dogon people of Mali, used in ceremonial dances and embodying significant cultural and religious symbols.