Consider the Economy's Aggregate Supply Curve

question 131

Multiple Choice

Consider the economy's aggregate supply curve.Other things being equal,unit costs will tend to fall if

• A)there is a fall in the price of oil.
• B)the government increases payroll taxes.
• C)wages fall.
• D)wage and price controls are in effect.
• E)wage increases are less than productivity increases.

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Definitions:

Autonomic Nervous System

The part of the nervous system responsible for control of the bodily functions not consciously directed, such as breathing, the heartbeat, and digestive processes.

Self Report

A method in research where participants provide information about themselves, typically through questionnaires or interviews.

Autonomic Nervous System

The part of the nervous system that controls involuntary bodily functions, such as heart rate and digestion.

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for quick action in emergencies; "fight or flight" response.