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Suppose the Price Level, the Money Wage, and the Price

Question 119

Multiple Choice

Suppose the price level, the money wage, and the price of all other resources rise by 10 per cent. This set of changes leads to


A) an upward movement along the LAS curve.
B) a downward movement along the LAS curve.
C) a leftward shift of the LAS curve.
D) an upward movement along the SAS curve.

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