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5 Dec 2017

10) Which of the following does not change short-run aggregate supply? A) a change in the money wage rate B) technological change a change in expected future profits D) an increase in the quantity of capital E) a change in the full-employment quantity of labour

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Nelly Stracke
Nelly StrackeLv2
6 Dec 2017
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Principles of Economics
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ISBN: 9781947172364
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Related questions

Which of the following would affect both short-run and long-run aggregate supply?
Ā 

a. a supply shock

b. menu costs

c. money illusion

d. technological change

e. a change in the general price level

Which of the following causes the short-run aggregate supply curve to shift to the left?

A. an increase in the expected price of an important natural resource.

B. a positive technological change.

C. an increase in productivity.

D. an increase in the labor force.

10) Marginal product of labour is the increase in total product that results from a A) one-unit increase in the quantity of fixed inputs employed, holding the quantity of the variable inputs constant. B) 1 percent change in the quantity of labour and the quantity of capital employed. C) change in the cost of labour. D) one-unit increase in both the quantity of variable and fixed inputs. E) one-unit increase in the quantity of labour employed, other inputs remaining the same.

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