Multiple Choice
If efficiency wages became more common, where would the long-run Phillips curve and the long-run aggregate-supply curve shift?
A) Both the long-run Phillips curve and the long-run aggregate-supply curve would shift right.
B) Both the long-run Phillips curve and the long-run aggregate-supply curve would shift left.
C) The long-run Phillips curve would shift right, and the long-run aggregate-supply curve would shift left.
D) The long-run Phillips curve would shift left, and the long-run aggregate-supply curve would shift right.
Correct Answer:
Verified
Correct Answer:
Verified
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