A Change in the Money Wage Rate Shifts

question 163

Multiple Choice

A change in the money wage rate shifts

• A) both the SAS and LAS curves.
• B) the LAS curve but not the SAS curve.
• C) the SAS curve but not the LAS curve.
• D) neither the SAS nor the LAS curve.

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Definitions:

Means-Ends Test

The means-ends test is a principle used in law and ethics to evaluate whether the methods used to achieve a goal are appropriately and directly connected to the intended outcomes.

Constitutional Right

Rights afforded to individuals by the constitution that are protected from governmental interference.

Due Process

The principle that an individual cannot be deprived of life, liberty, or property without appropriate legal procedures and safeguards.

Fifth Amendment

An amendment to the U.S. Constitution that provides several protections for individuals, including protection against self-incrimination and double jeopardy, and the Takings Clause.