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Author Question: If the money wage rate and other resource prices do not change when the price level rises by 10 ... (Read 50 times)

azncindy619

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on: Jun 29, 2018
If the money wage rate and other resource prices do not change when the price level rises by 10 percent, ________.
 
  A) the long-run aggregate supply curve shifts leftward
  B) the short-run aggregate supply curve shifts leftward
  C) the long-run aggregate supply curve shifts rightward
  D) there is movement along the short-run aggregate supply curve

Question 2

The larger the value of U.S. imports, the greater the quantity of ________ causing the quantity supplied of dollars to ________.
 
  A) U.S. dollars demanded; increase
  B) U.S. dollars demanded; decrease
  C) foreign currency demanded; increase
  D) foreign currency demanded; decrease


pallen55

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


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