Multiple Choice
If the unemployment rate is below the natural rate, then we expect to see
A) falling wages, causing the short-run aggregate supply curve to shift up.
B) falling wages, causing the short-run aggregate supply curve to shift down.
C) increasing wages, causing the short-run aggregate supply curve to shift up.
D) increasing wages, causing the short-run aggregate supply curve to shift down.
Correct Answer:
Verified
Correct Answer:
Verified
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