Give one reason the short-run aggregate-supply curve slopes upward is that a higher price level
A. One reason the short-run aggregate-supply curve slopes upward is that a higher price level
a. raises nominal wages if real wages are sticky.
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c. raises real wages if nominal wages are sticky.
d. reduces real wages if nominal wages are sticky.
B. A change in which of the following would shift the short-run aggregate-supply curve but not the longrun aggregate-supply curve?
a. the labor force
b. the capital stock
c. the state of technology
d. the expected price level
C. A sudden increase in business pessimism shifts the aggregate-_________ curve, leading to _________ output.
a. supply; lower
b. supply; higher
c. demand; lower
d. demand; higher
D. A n increase in the aggregate demand for goods and services has a larger impact on output _________ and a larger impact on the price level _________.
a. in the short run; in the long run
b. in the long run; in the short run
c. in the short run; also in the short run
d. in the long run; also in the long run
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