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Question 213

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Use the following to answer questions:
Figure: AD-AS Model II Use the following to answer questions: Figure: AD-AS Model II -(Figure: AD-AS Model II) Refer to Figure: AD-AS Model II. If nominal wages fall, in the short run the _____ curve will shift to the _____. A) SRAS; left B) SRAS; right C) LRAS; right D) AD; right
-(Figure: AD-AS Model II) Refer to Figure: AD-AS Model II. If nominal wages fall, in the short run the _____ curve will shift to the _____.


A) SRAS; left
B) SRAS; right
C) LRAS; right
D) AD; right

Correct Answer:

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