If There Is an Increase in the Percentage of Employees

question 204

Multiple Choice

If there is an increase 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:

Economic Interest

A vested interest in financial gains or losses, typically relating to investments, ownership, or participation in business ventures or market activities.

Risk of Loss

The potential that an investment or transaction may result in loss, attributed to various factors.

CIF

Cost, Insurance, and Freight, a trade term requiring the seller to arrange for the carriage of goods by sea to a port of destination, and provide the buyer with the documents necessary to obtain the goods from the carrier.

Shipping Term

Refers to agreed terms between a seller and buyer that outline the details about the delivery of goods, including who is responsible for shipping costs and risk of damage.