The aggregate supply curve shifts
A) rightward if potential GDP decreases.
B) rightward if the money wage rate falls.
C) leftward if the aggregate demand curve shifts leftward.
D) rightward if the money wage rate rises.
E) leftward if potential GDP increases.
B
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Consumption expenditures are a function of ________
A) the real interest rate B) disposable income C) autonomous consumption D) all of the above E) none of the above
In 2007, the National Collegiate Athletic Association put a moratorium on new Football Bowl Series (formerly Division IA) teams. This policy will
A) protect the producer surplus of existing football programs. B) ensure that when entry occurs, producer surplus will not be zero. C) ensure that when entry occurs, producer surplus will be positive. D) ensure that consumer surplus is greater in the future.