If Labor Productivity Rises at the Same Time That There

question 34

Multiple Choice

If labor productivity rises at the same time that there is a beneficial supply shock,what is the effect on short-run aggregate supply (SRAS) ?

• A) SRAS rises.
• B) SRAS falls.
• C) SRAS remains constant.
• D) SRAS may rise,fall,or remain constant.

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Definitions:

Games

Structured forms of play, often undertaken for enjoyment and sometimes used as an educational tool.

Play

Activities engaged in for enjoyment and recreation, especially by children, but often also by adults, which can be both structured and unstructured.

Socialization Process

The means through which individuals learn and internalize the values, norms, and practices of their culture.

Social Control

Mechanisms, strategies, and institutions designed to regulate individual and group behavior, aiming to maintain conformity and compliance to rules of a society.