Workers expect inflation to rise from 3% to 5% next year. As a result, this should
A) move the economy down along a stationary short-run aggregate supply curve.
B) move the economy up along a stationary short-run aggregate supply curve.
C) shift the short-run aggregate supply curve to the left.
D) shift the short-run aggregate supply curve to the right.
C
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A decrease in the real interest rate in the United States will cause net capital outflows to ________ and cause the dollar to ________ relative to other currencies
A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate
The application of the concept of opportunity cost to an analysis of Head Start might be that
A. money spent on Head Start is in short supply. B. money spent on Head Start is money that could be spent on a better program. C. money spent on Head Start is fixed. D. you can't put a price on helping children.