If There Are Sticky Wages,and the Price Level Is Greater

question 44

Multiple Choice

If there are sticky wages,and the price level is greater than what was expected,then

• A)the quantity of aggregate goods and services supplied falls,which is shown by a shift of the short-run aggregate supply curve to the left.
• B)the quantity of aggregate goods and services supplied falls,as shown by a movement to the left along the short-run aggregate supply curve.
• C)the quantity of aggregate goods and services supplied rises,as shown by a shift of the short-run aggregate supply curve to the right.
• D)the quantity of aggregate goods and services supplied rises,as shown by a movement to the right along the short-run aggregate supply curve.

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Definitions:

Either/or Fallacy

A logical fallacy that presents only two options or outcomes when in reality more possibilities exist.

Creative Solutions

Innovative and effective answers or approaches devised to solve problems or challenges.

Open Mode

Open Mode is a state or approach characterized by openness, receptiveness, and readiness to explore new ideas, perspectives, or experiences without prejudgment.

Relaxed

A state of being free from tension and anxiety, often associated with leisure or recreation.