If Workers and Other Resource Suppliers Negotiate Higher Resource Payments,which

question 148

Multiple Choice

If workers and other resource suppliers negotiate higher resource payments,which of the following is true?

• A)The long-run aggregate supply curve will shift rightward.
• B)There will be a leftward movement along a fixed short-run aggregate supply curve.
• C)The long-run aggregate supply curve will shift leftward.
• D)The short-run aggregate supply curve will shift rightward.
• E)Higher resource payments will cause the price level to rise.

---

Definitions:

Inventory Ratio

A financial metric that indicates how many times a company's inventory is sold and then replaced over a specific period.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating efficiency in managing stock.

Days' Sales In Inventory

A measure of how efficiently a company turns its inventory into sales, calculated as inventory divided by daily sales.

Quick Ratio

An assessment of a firm's capacity to fulfill its immediate liabilities using its most convertible assets, excluding stock.