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Use the Following to Answer Questions

Question 102

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Use the following to answer questions.
Exhibit: Aggregate Production Function, Labor Market, and LRAS Use the following to answer questions. Exhibit: Aggregate Production Function, Labor Market, and LRAS -(Exhibit: Aggregate Production Function, Labor Market, and LRAS) An upward shift of the aggregate production function would lead to A) a decrease in the real wage and to a decrease in real GDP. B) an increase in the real wage and to a decrease in real GDP. C) a decrease in the real wage and to an increase in real GDP. D) an increase in the real wage and to an increase in real GDP.
-(Exhibit: Aggregate Production Function, Labor Market, and LRAS) An upward shift of the aggregate production function would lead to


A) a decrease in the real wage and to a decrease in real GDP.
B) an increase in the real wage and to a decrease in real GDP.
C) a decrease in the real wage and to an increase in real GDP.
D) an increase in the real wage and to an increase in real GDP.

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