Suppose That There Is an Increase in the Costs of Production

question 116

Multiple Choice

Suppose that there is an increase in the costs of production that shifts the short-run aggregate supply curve left.If there is no policy response,then eventually

• A)because unemployment is low,wages will be bid up and short-run aggregate supply will shift right.
• B)because unemployment is low,wages will be bid down and short-run aggregate supply will shift right.
• C)because unemployment is high,wages will be bid up and short-run aggregate supply will shift right.
• D)because unemployment is high,wages will be bid down and short-run aggregate supply will shift right.

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Definitions:

Upper Arm

The region of the arm between the shoulder and the elbow, consisting of muscles like the biceps and triceps.

DAW

Stands for "Dispense As Written," a note from a healthcare provider that prevents substitution of a prescribed medication.

Specific Medication

A drug prescribed or taken for particular diseases or health conditions, distinct from others in its targeted use or effects.

Right Eye

The right eye refers to the organ of vision located on the right side of the face, responsible for receiving light and converting it into signals sent to the brain.