Which of the following occurs while moving along a short-run aggregate supply curve?
A. The money wage rate and the price level change by the same percentage.
B. The money wage rate changes and the price level is constant.
C. The price level changes and the money wage rate is constant.
D. Neither the price level nor the money wage rate changes.
Answer:C
Which of the following occurs while moving along a short-run aggregate supply curve?
A. The money wage rate and the price level change by the same percentage. B. The money wage rate changes and the price level is constant. C. The price level changes and the money wage rate is constant. D. Neither the price level nor the money wage rate changes.