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In 2008 the Money Wage Rate in Ireland Increased by 4

Question 40

Multiple Choice

In 2008 the money wage rate in Ireland increased by 4 percent while the price level increased by 8 percent. As a result, Ireland's


A) short- run aggregate supply curve shifted leftward.
B) short- run aggregate supply curve shifted rightward.
C) short- run and long- run aggregate supply curves shifted rightward.
D) long- run aggregate supply curve shifted rightward.

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