10) Everything else held constant, when output is ________ potential output, wage demands will begin to...
10) Everything else held constant, when output is ________ potential output, wage demands will begin to ________, thereby shifting the short-run aggregate supply curve upwards and to the ________. A) above; fall; left B) above; rise; left C) below; fall; left D) below; rise; right
Homework Answers
Answer : The answer is option C.
When output level is less than the potential output level then the wage demand decrease. Due to decrease in wage demand the employment level increase which increase the aggregate supply. As a result, the aggregate supply curve shift to leftward. Therefore, option C is correct.
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10) Everything else held constant, when output is ________
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14. According to the sticky-wage hypothesis, when firms and workers lower their expectation on the price...
14. According to the sticky-wage hypothesis, when firms and workers lower their expectation on the price level, A. nominal wage rate lowers, shifting the short-run aggregate supply curve to the left. B. nominal wage rate rises, shifting the short-run aggregate supply curve to the right. C. nominal wage rate lowers, shifting the short-run aggregate supply curve to the right. D. nominal wage rate rises, shifting the short-run aggregate supply curve to the left.
It is not necessary to write detail answer, some question is easy to find answer, you...
It is not necessary to write detail answer, some question is
easy to find answer, you dont need to explain in detail, thank you
:)
7. Everything else held constant, if aggregate output is to the right of the LM curve, then there is an excess of money which will cause the interest rate to A) supply; fall- B) supply; rise- C) demand; fall- D) demand; rise- t 8. If the economy is on the LM curve, but is to...
The following graph shows the economy in long-run equilibrium atthe expected price level of 120...
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associated with the housing...
1) The long-run aggregate supply curve shifts to the right when there is A) a decrease...
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10. In the 1970s "Great Inflation", inflation was increased because Policy makers thought potential output was...
10. In the 1970s "Great Inflation", inflation was increased because Policy makers thought potential output was higher than it actually turned out to be and policy shifted the AD curve to the left Policy makers thought potential output was lower than it actually turned out a. b. to be and policy shifted the AD curve to the left Policy makers thought potential output was lower than it actually turned out to be and policy shifted the AD curve to the...
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14. According to the sticky-wage hypothesis, when firms and workers lower their expectation on the price level, A. nominal wage rate lowers, shifting the short-run aggregate supply curve to the left. B. nominal wage rate rises, shifting the short-run aggregate supply curve to the right. C. nominal wage rate lowers, shifting the short-run aggregate supply curve to the right. D. nominal wage rate rises, shifting the short-run aggregate supply curve to the left.
It is not necessary to write detail answer, some question is
easy to find answer, you dont need to explain in detail, thank you
:)
7. Everything else held constant, if aggregate output is to the right of the LM curve, then there is an excess of money which will cause the interest rate to A) supply; fall- B) supply; rise- C) demand; fall- D) demand; rise- t 8. If the economy is on the LM curve, but is to...
The following graph shows the economy in long-run equilibrium at
the expected price level of 120 and the natural level of output of
$600 billion. Suppose a sudden and severe contraction in the
housing market reduces the value of homes and causes consumers to
spend less.Shift the short-run aggregate supply (AS) curve or the aggregate
demand (AD) curve to show the short-run impact of
the housing market slump.In the short run, the decrease in consumption spending
associated with the housing...
1) The long-run aggregate supply curve shifts to the right when there is A) a decrease in the total amount of capital in the economy. B) a decrease in the total amount of labor supplied in the economy. C) a decrease in the available technology. D) a decline in the natural rate of unemployment. 2) The short-run aggregate supply curve shifts to the right when A) output gap is higher. B) output gap is lower. C) expected inflation is higher....
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