If Membership in Labour Unions Falls,production Costs Will

question 327

Multiple Choice

If membership in labour unions falls,production costs will:

• A) increase,and SRAS will shift to the left,decreasing equilibrium GDP and increasing the aggregate price level.
• B) fall,there will be a downward movement along SRAS,equilibrium GDP will increase,and aggregate price level will fall.
• C) not change and AD will shift to the right,increasing equilibrium GDP and aggregate price level.
• D) fall and SRAS will shift to the right,increasing equilibrium GDP and lowering the aggregate price level.

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