ZuoTi.Pro
Question

If the money wage rate and other resource prices do not change when the price level rises by 10 percent, Select one: a. the s
business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

If the money wage rate and the other resource prices do not change when the price level rises by 10%, then quantity supplied would increase, therefore, there is an upward movement along the short-run aggregate supply curve .Hence, option(D) is correct.

0 0
Add a comment
Know the answer?
Add Answer to:
If the money wage rate and other resource prices do not change when the price level...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Moving along the short-run aggregate supply curve, Select one: a. real GDP equals nominal GDP b.real...

    Moving along the short-run aggregate supply curve, Select one: a. real GDP equals nominal GDP b.real GDP equals potential GDP c. the real wage rate is constant d. the money wage rate, the prices of other resources, and potential GDP remain constant Nex 2019 Hordan Bin Mohammed Smart University. All rights reserved

  • 29.An increase in oil prices to a country that is a net importer of oil shifts...

    29.An increase in oil prices to a country that is a net importer of oil shifts ek. both the short-run aggregate supply and long-run el. both the short-run aggregate supply and long-run em. the short-run aggregate supply curve leftward but leaves en. the long-run aggregate supply curve rightward but leaves eo. the short-run aggregate supply curve leftward but shifts aggregate supply curves rightward. aggregate supply curves leftward. the long-run aggregate supply curve unchanged. the short-run aggregate supply curve unchanged. the...

  • 1. An above-full-employment equilibrium occurs when Group of answer choices aggregate demand decreases while neither the...

    1. An above-full-employment equilibrium occurs when Group of answer choices aggregate demand decreases while neither the short-run nor long-run aggregate supply changes. short-run aggregate supply decreases while neither aggregate demand nor long-run aggregate supply changes. the equilibrium level of real GDP is greater than potential GDP. the equilibrium level of real GDP is less than potential GDP. 2. Which of the following shifts the aggregate demand curve rightward? Group of answer choices a decrease in consumption an increase in investment...

  • An increase in the price level when the money wage rate remains unchanged increases _______

    The graph shows a long-run aggregate supply curve and a short-run aggregate supply curve. Draw an arrow along one of the curves that illustrate a rise in the price level when the money wage rate remains unchanged. Label it 1. Draw an arrow along one of the curves that illustrate a rise in the price level accompanied by the same percentage rise in the money wage rate. Label it 2.An increase in the price level when the money wage rate remains...

  • Question 1 An increase in the price level will ________ the real value of wealth and,...

    Question 1 An increase in the price level will ________ the real value of wealth and, as a result, there will be ________ the aggregate demand curve. have no effect on; no change in increase; a rightward shift of reduce; an upward movement along reduce; a leftward shift of increase; an upward movement along 2. A severe drought hits a country and reduces farm output by 50 percent. This will impact aggregate demand. short-run aggregate supply and aggregate demand. short-run...

  • 1) If the economy exhibits a recessionary gap in the short run, the real wage rate...

    1) If the economy exhibits a recessionary gap in the short run, the real wage rate will __________________ (fall, rise), and short-run aggregate supply curve will shift __________________ (leftward, rightward). 2) If the economy exhibits an expansionary gap in the short run, the real wage rate will __________________ (fall, rise), and short-run aggregate supply curve will shift __________________ (leftward, rightward).

  • 6. Demonstrate the decrease in wealth using the closed AD-AS model, ceteris paribus, in both the...

    6. Demonstrate the decrease in wealth using the closed AD-AS model, ceteris paribus, in both the short-run and long-run. Assumptions: (1) start in long-run equilibrium; (2) prices are sticky; (3) nominal wages are fixed in the short-run. [Note: this is the self-correcting version.] [Sub-questions 6-10 are connected.] In the short-run, _______ shifts _______. A. the aggregate demand curve; leftward B. the aggregate demand curve; rightward C. the short-run aggregate supply curve; leftward D. the short-run aggregate supply curve; rightward E....

  • Q 28, 29, 31 According to the real business cycle​ theory, technological change A. can initially...

    Q 28, 29, 31 According to the real business cycle​ theory, technological change A. can initially decrease productivity. B. is caused by changes in productivity. C. never increases productivity. D. always increases productivity. --------------------------------------------- Suppose the country of Mooland imposes tariffs on imported beef from the country of Aqualand. As a result of the​ tariffs, the A. quantity of beef imported by Mooland decreases. B. quantity of beef exported by Mooland increases. C. price of beef in Mooland falls. D....

  • Please help with both questions The short-run aggregate supply curve is horizontal when Othere are unemployed...

    Please help with both questions The short-run aggregate supply curve is horizontal when Othere are unemployed resources and prices do not increase when aggregate demand increases. there are no unemployed resources and prices do not increase when aggregate demand or supply increases. prices are inflexible and the economy is at full employment. Othere are unemployed resources and prices do not decrease when aggregate supply increases. 0.5 points Save Answer QUESTION 6 A reduction in nominal wages will cause which of...

  • Illustrate and briefly explain the beginning of a demand-pull inflation. 3.         When answering parts a and b,...

    Illustrate and briefly explain the beginning of a demand-pull inflation. 3.         When answering parts a and b, draw the relevant Phillips curve. Using a short-run Phillips curve, what is the effect on the unemployment rate if the inflation rate unexpectedly rises. Using a long-run Phillips curve, what is the effect on the unemployment rate if the inflation rate rises and people expect the rise. Explain how your answer to part a about the unexpected rise in the inflation rate changes in...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT