Simultaneous rise in productivity and nominal wages

Assignment Help Business Economics

Reference no: EM13982346

A simultaneous rise in productivity and nominal wages would shift the short-run aggregate supply curve to the: right if the rise in nominal wages is larger than the rise in productivity. right if the cost per unit of output rises. left if the cost per unit of output falls. left if the rise in nominal wages is larger than the rise in productivity.

Reference no: EM13982346

Questions Cloud

When the economy is on the short-run aggregate supply curve : When the economy is on the short-run aggregate supply curve and to the left of the long-run aggregate supply curve, actual aggregate output will eventually equal potential output as: nominal wages fall and the short-run aggregate supply curve shifts ..

What is the resulting increase in the speed of the car : You then begin to run across the top of the car opposite its own direction of motion to the ground. You estimate that your speed is about 5m/s relative to the car. What is the resulting increase in the speed of the car?

Decision on an important issue : Your manager has asked for your help to make a decision on an important issue within 24 hours. The outcome of this decision will have a direct impact on how your associates do their jobs

Simultaneous rise in productivity and nominal wages : A simultaneous rise in productivity and nominal wages would shift the short-run aggregate supply curve to the: right if the rise in nominal wages is larger than the rise in productivity. right if the cost per unit of output rises. left if the cost pe..

Medium of exchange unit of account store of value near-money : Suppose a group of people decided to create their own economic system with cartons of milk serving as money. If we decided to use this “liquid asset” as our medium of exchange, and all prices were measured in cartons of milk, milk would still not be ..

How each event relates to the concept of homeland security : Createa timeline with 5 to 8 historical and current world events that have influenced the concept of homeland security. How each event relates to the concept of homeland security

The level of american imports and exports change : As a result of a decrease in the value of the dollar in relation to other currencies, the level of American imports and exports change. Consequently, there is a(n): increase in short-run aggregate supply. Decrease in the quantity of aggregate output ..

Aspect of work-life balance : Describe in your own words that aspect of work/life balance that is as a CIA -Competitive Impact Area and the implication of considering that data so differently.

User Account

All Pages