Suppose the price level rises and the money wage remains constant. This set of changes leads to
A. an upward movement along the LAS curve.
B. an upward movement along the SAS curve.
C. a leftward shift of the SAS curve.
D. a leftward shift of the SAS curve and the LAS curve.
Answer:B
Suppose the price level rises and the money wage remains constant. This set of changes leads to
A. an upward movement along the LAS curve. B. an upward movement along the SAS curve. C. a leftward shift of the SAS curve. D. a leftward shift of the SAS curve and the LAS curve.