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An increase in the money wage rate A) increases the long-run aggregate supply. B) decre

An increase in the money wage rate A) increases the long-run aggregate supply. B) decre

 An increase in the money wage rate

A) increases the long-run aggregate supply.

B) decreases the long-run aggregate supply.

C) increases the short-run aggregate supply.

D) decreases the short-run aggregate supply.

 

 

89) A change in the money wage rate shifts

A) both the SAS and LAS curves.

B) the LAS curve but not the SAS curve.

C) the SAS curve but not the LAS curve.

D) neither the SAS nor the LAS curve.

 

90) An increase in the money wage rate shifts the short-run aggregate supply curve ________; an increase in technology shifts the long-run aggregate supply curve ________.

A) rightward; rightward

B) rightward; leftward

C) leftward; rightward

D) leftward; leftward

 

 

91) A decrease in the money wage rate increases ________ and an increase in the full employment quantity of labor increases ________.

A) the SAS and the LAS; only the SAS

B) the SAS and the LAS; only the LAS

C) only the SAS; the SAS and the LAS

D) only the LAS; the SAS and the LAS

 

 

92) An increase in the quantity of capital increases ________ and increase in the full employment quantity of labor increases ________.

A) the SAS and the LAS; only the SAS

B) the SAS and the LAS; only the LAS

C) the SAS and the LAS; the SAS and the LAS

D) only the LAS; the SAS and the LAS

 

 

93) Suppose there is a increase in short-run aggregate supply with no change in long-run aggregate supply.  This situation could be the result of

A) an increase in the price of oil.

B) a decrease in the money wage rate.

C) a technological advancement.

D) an increase in the quantity of capital.

Abhinav 07-Dec-2019

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