Kizspy | Question: 1
(Choose 1 answer)
If there are sticky wages, and the price level exceeds expectations, then,
A. the quantity of aggregate goods and services supplied decreases, indicated by a leftward shift of the short-run aggregate supply curve.
B. the quantity of aggregate goods and services supplied decreases, as illustrated by a movement leftward along the short-run aggregate supply curve.
C. the quantity of aggregate goods and services supplied increases, indicated by a rightward shift of the short-run aggregate supply curve.
D. the quantity of aggregate goods and services supplied increases, as illustrated by a movement rightward along the short-run aggregate supply curve.
