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 9.3Study 37) Referring to Figure 9.3, a decrease in government spending is represented by a movement from points: 37) A) D to B. B) C to D. C) A to D. D) B to A 38) Referring to Figure 9.3, an increase in the price of oil is represented by a movement from points: 38) A) A to C. B) Cto D. C) B to A. D) B to D. end eupon tech grib (EE soflies nwoml al ellen 39) Referring to Figure 9.3, a simultaneous increase in the money supply and increase in the price of oil is represented by a movement from points: 39) A) A to D. B) B to C. C) D to A. D) A to B. The lon esob gniwollot ort to noirW (BE 40) When consumers spend and buy things regardless of their level of income, this is know as_ 40) A) living the good life B) autonomous consumption spending C) bad financial management D) using credit to its maximum liesup sill swarm of moyanib grivrollot will of Tatest me the -text will vivacy p