Workers Expect Inflation to Rise from 3% to 5% Next

question 135

Multiple Choice

Workers expect inflation to rise from 3% to 5% next year.As a result, this should

• A)shift the short-run aggregate supply curve to the left.
• B)shift the short-run aggregate supply curve to the right.
• C)move the economy up along a stationary short-run aggregate supply curve.
• D)move the economy down along a stationary short-run aggregate supply curve.
• E)shift the long-run aggregate supply curve to the right.

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Definitions:

Executory Contract

A contract that has not yet been fully performed.

Executory

Executory refers to a contract or agreement in which some future act or obligation remains to be performed under its terms.

Executed

denotes something that has been completed, carried out, or fully accomplished according to plan or command.

Void

Having no legal force or effect; null and incapable of being ratified or confirmed.