Author Question: In 2008 the money wage rate in Ireland increased by 4 percent while the price level increased by 8 ... (Read 208 times)

shenderson6 · **on:** Jun 29, 2018

In 2008 the money wage rate in Ireland increased by 4 percent while the price level increased by 8 percent. As a result, Ireland's

A) short-run aggregate supply curve shifted leftward.
B) short-run aggregate supply curve shifted rightward.
C) long-run aggregate supply curve shifted rightward.
D) short-run and long-run aggregate supply curves shifted rightward.

Question 2

The above figure shows the market for neckties after the government has imposed a tax. How much government revenue is generated by the tax?

A) 1,000.00 per month
B) 800.00 per month
C) 500.00 per month
D) 400.00 per month