If There Is a Decrease in the Percentage of Employees

question 164

Multiple Choice

If there is a decrease in the percentage of employees whose wages adjust automatically with changes in the price level, the aggregate supply curve will become

• A) steeper.
• B) flatter.
• C) horizontal.
• D) vertical.

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Definitions:

Depressed

A state characterized by feelings of severe despondency and dejection.

Mood Disorders

A group of mental disorders involving persistent disturbances in mood or emotional state, such as depression or bipolar disorder.

Unemployment

A situation where individuals who are actively looking for employment are unable to find work, often used as a measure of the health of the economy.

Major Depressive Disorder

A mental disorder characterized by a persistent and intense feeling of sadness or despair and/or a lack of interest in activities, causing significant impairment in daily life.