According to real business cycle theorists, if the long-run aggregate supply (LRAS) curve shifts to the left, Real GDP __________, the price level __________, the demand for labor __________, money wages __________, real wages __________, and workers choose to work __________
A) falls; falls; rises; fall; fall; less
B) falls; rises; rises; fall; rise; more
C) falls; rises; falls; fall; fall; less
D) rises; rises; falls; fall; rise; more
E) rises; falls; rises; fall; fall; more
C
Economics
You might also like to view...
Suppose the world price of widgets is $5 each. If a widget-importing country imposed a $2 per widget tariff, what price would that country's consumers pay for widgets?
A) $10 B) $7 C) $5 D) $3 E) A price that is greater than $5 and less than $7
Economics
Management needs more _________ who participate in community action programs and families, contribute to scientific, social or economic advances and improve human lives
a. Followers b. Leaders c. Social workers d. Muckrakers
Economics