Author Question: An increase in the federal minimum wage will shift the long-run aggregate supply curve to the left. ... (Read 51 times)

D2AR0N · **on:** Jun 30, 2018

An increase in the federal minimum wage will shift the long-run aggregate supply curve to the left.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Most policy makers agree that in the long run, changes in the money supply influence:
a. the price level and inflation.
b. the real interest rate and aggregate demand.
c. the planned investment expenditure.
d. the exchange rate.
e. the potential GDP and unemployment.