A Positive Supply Shock Causes a Leftward Shift in the SRAS

question 2

True/False

A positive supply shock causes a leftward shift in the SRAS curve.

---

Definitions:

Pay Increase

An adjustment in wages or salary upwards, often in response to negotiations, inflation, or performance appraisals.

Monitor Employees

The practice of overseeing employees' activities and performance in the workplace through various methods, including surveillance tools or performance metrics, to ensure productivity and compliance.

Company Email

A digital communication tool assigned to employees for professional use within a company.

Salting

A tactic used by unions in which union members seek employment at non-union workplaces to organize from within and encourage unionization.