Author Question: Autoworkers negotiate a wage increase. How does this change affect the supply curve of cars? A) ... (Read 73 times)

xroflmao · **on:** Jun 30, 2018

Autoworkers negotiate a wage increase. How does this change affect the supply curve of cars?

A) It shifts the supply curve leftward.
B) It does not shift the supply curve or create a movement along it.
C) It shifts the supply curve rightward.
D) The supply curve will shift but there is not enough information to tell if the change shifts the supply curve rightward, leftward, or not at all.
E) It creates a movement downward along the supply curve.

Question 2

Because there is a ________ relationship between the price level and the quantity of real GDP supplied, the aggregate supply curve is ________ curve.

A) negative; an upward-sloping
B) positive; an upward-sloping
C) positive; a downward-sloping
D) negative; a downward-sloping
E) positive; a vertical