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-In the Above Figure, the Economy Is at Point a and the Money

Question 305

Multiple Choice

-In the above figure, the economy is at point A and the money wage rate rises by 10 percent. If the price level is constant, firms will be willing to supply output equal to A) $13.0 trillion B) less than $13.0 trillion C) more than $13.0 trillion D) Without more information, it is impossible to determine which of the above answers is correct.
-In the above figure, the economy is at point A and the money wage rate rises by 10 percent. If the price level is constant, firms will be willing to supply output equal to


A) $13.0 trillion
B) less than $13.0 trillion
C) more than $13.0 trillion
D) Without more information, it is impossible to determine which of the above answers is correct.

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