If There Are Sticky Wages,and the Price Level Is Greater

question 44

Multiple Choice

If there are sticky wages,and the price level is greater than what was expected,then

• A)the quantity of aggregate goods and services supplied falls,which is shown by a shift of the short-run aggregate supply curve to the left.
• B)the quantity of aggregate goods and services supplied falls,as shown by a movement to the left along the short-run aggregate supply curve.
• C)the quantity of aggregate goods and services supplied rises,as shown by a shift of the short-run aggregate supply curve to the right.
• D)the quantity of aggregate goods and services supplied rises,as shown by a movement to the right along the short-run aggregate supply curve.

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Definitions:

Government Subsidies

Financial support from a government to individuals, organizations, or industries, aimed at promoting economic activities, reducing costs, or supporting public interest goals.

International Aid

Financial or material assistance provided by countries or international organizations to support development or relief efforts in other countries.

Relative Worth

refers to the value or importance of something in comparison to other things, often in contexts of evaluating contributions or rewards.

Development Aid

Financial aid given by governments and other agencies to support the economic, environmental, social, and political development of developing countries.