If money wages increase, the most likely result is a(n)
a. increase in aggregate supply.
b. decrease in aggregate supply.
c. steeper aggregate supply curve.
d. flatter aggregate supply curve.
b
Economics
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According to the monetarist theory, an increase in government spending would have
a. only weak effects on both output and the price level. b. a weak effect on output with a strong effect on the price level. c. a weak effect on the price level but a strong output effect. d. stronger effects on output if financed with increases in the money supply. e. both a and d.
Economics
If a company owns plants at various stages of the production process, this is called:
A. a multiplant firm. B. a conglomerate. C. a vertically integrated firm. D. an industry.
Economics