Use the figure below to answer the following questions.

Figure 28.2.2
-Refer to Figure 28.2.2. Consider the market for labour as the short-run aggregate supply curve shifts leftward from SAS₀ to SAS₁. This shift could have been the result of an agreement between workers and employers for a
A)10 percent decrease in the money wage rate.
B)10 percent increase in the money wage rate.
C)15 percent decrease in the money wage rate.
D)15 percent increase in the money wage rate.
E)10 percent increase in the real wage rate.

Question

Use the figure below to answer the following questions.
  
Figure 28.2.2
-Refer to Figure 28.2.2. Consider the market for labour as the short-run aggregate supply curve shifts leftward from SAS₀ to SAS₁. This shift could have been the result of an agreement between workers and employers for a
A)10 percent decrease in the money wage rate. 
B)10 percent increase in the money wage rate. 
C)15 percent decrease in the money wage rate. 
D)15 percent increase in the money wage rate. 
E)10 percent increase in the real wage rate.

Quizplus · Accepted Answer

The Answer of Use the figure below to answer the following questions.
  
Figure 28.2.2
-Refer to Figure 28.2.2. Consider the market for labour as the short-run aggregate supply curve shifts leftward from SAS₀ to SAS₁. This shift could have been the result of an agreement between workers and employers for a
A)10 percent decrease in the money wage rate. 
B)10 percent increase in the money wage rate. 
C)15 percent decrease in the money wage rate. 
D)15 percent increase in the money wage rate. 
E)10 percent increase in the real wage rate.

Use the Figure Below to Answer the Following Questions