Other Things Being Equal,unit Costs Will Rise and the AS Curve

question 37

Multiple Choice

Other things being equal,unit costs will rise and the AS curve will shift upward if

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

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Definitions:

Pennsylvania

A state located in the northeastern U.S., known for its diverse landscapes, rich history, and significant contributions to American politics, economy, and culture.

Delaware

The first state to ratify the U.S. Constitution, known as "The First State," located in the Mid-Atlantic region of the United States.

Best Poor Man's Country

A historical notion that certain regions, notably parts of early America, offered exceptional opportunities for economic advancement to the economically disadvantaged.

Pennsylvania

A state located in the northeastern part of the United States, known for its historical significance in the founding of the country.