32) Workers whose wages tend to adjust slowly include all of the following except: 32) A) those with long-term contracts. B) unskilled, low wage workers. C) union workers. D) movie stars, professional athletes, and rock stars. 33) The increase in spending that occurs because the real value of money increases when the price level falls is known as the: 33) A) price effect. B) interest rate effect. C) wealth effect. D) international trade effect. o Study 34) Which of the following does not shift the aggregate demand curve? 34) A) a decrease in the price level B) a decrease in taxes C) an increase in GDP in Japan Home D) an increase in the supply of money Refer to the following diagram to answer the questions that follow. questio picture Price , P p by step Aggregate D' D Aggregate D Aggregate D" Output, y Figure 9.1 Number 35) Figure 9.1 shows three aggregate demand curves. An increase in taxes could result in a movement from: 35) A) A to D. B) B to C. C) B to A. D) B to E. had the a 36) Assuming a long-run aggregate supply curve, an increase in the money supply results in in output and in prices. 36) A) a decrease; no change B) a decrease; a decrease C) an increase; no change D) no change; an increase Refer to the following graph to answer the questions below. Price, P AS .-- AS' C D B.....-2-.. AD AD U Output, y Figure 9.3