All of the following shift the short-run aggregate supply curve EXCEPT
A) a change in the price level.
B) a change in the money wage rate.
C) a change in the price of a raw material.
D) technological progress.
A
Economics
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An English auction consists of ________
A) an auctioneer and several bidders B) one auctioneer and one bidder C) few auctioneers and several bidders D) several auctioneers and one bidder
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In New Keynesian macroeconomics, when marginal costs are too sticky to change in proportion to nominal aggregate demand, prices ________ and so menu costs ________ needed to explain business cycles
A) are also sticky, are B) are also sticky, are not C) are still perfectly flexible, are D) are still perfectly flexible, are not
Economics