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    Exam 8: Production and Costs
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    If the Price Level Remains Constant but the Wage Rate
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If the Price Level Remains Constant but the Wage Rate

Question 134

Question 134

Multiple Choice

If the price level remains constant but the wage rate increases,then there will be __________ in production and the SRAS curve will shift __________.


A) an increase; rightward
B) a decrease; rightward
C) an increase; leftward
D) a decrease; leftward

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