Suppose That There Is an Increase in the Costs of Production

question 116

Multiple Choice

Suppose that there is an increase in the costs of production that shifts the short-run aggregate supply curve left.If there is no policy response,then eventually

• A)because unemployment is low,wages will be bid up and short-run aggregate supply will shift right.
• B)because unemployment is low,wages will be bid down and short-run aggregate supply will shift right.
• C)because unemployment is high,wages will be bid up and short-run aggregate supply will shift right.
• D)because unemployment is high,wages will be bid down and short-run aggregate supply will shift right.

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Definitions:

Sexual Behaviors

Acts or practices related to the expression of sexuality, including a wide range of activities from intimate touching to sexual intercourse.

Socially Acceptable

Pertains to behaviors or norms that are considered acceptable or appropriate within a society or social group.

Culturally Normal

Behaviors, practices, or norms that are widely accepted and considered typical within a particular society or culture.

Victorian Americans

Refers to American society during the Victorian era, characterized by strict social mores, a focus on morality, and often conservative attitudes towards sexuality.