If Workers Expect the Rate of Inflation to Rise from 4

question 19

Multiple Choice

If workers expect the rate of inflation to rise from 4 per cent to 6 per cent next year,this should

• A) shift the short-run aggregate supply curve to the right.
• B) shift the short-run aggregate supply curve to the left.
• C) move the economy up along a stationary short-run aggregate supply curve.
• D) move the economy down along a stationary short-run aggregate supply curve.

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Definitions:

CT Scan

Short for Computed Tomography Scan, a diagnostic imaging procedure that uses a combination of X-rays and computer technology to produce cross-sectional images of the body.

Radiology

A medical specialty that uses imaging techniques such as X-rays, CT scans, and MRI to diagnose and sometimes treat diseases.

Roentgen Diagnosis

The use of X-rays to diagnose diseases or abnormalities within the body, named after Wilhelm Roentgen who discovered X-rays.

Roentgen Therapy

A form of radiation therapy using X-rays for treating diseases, named after physicist Wilhelm Röntgen.