Multiple Choice
Suppose that the money wage rate in the economy increases by 8 percent. As a result the
A) long-run aggregate supply will decrease.
B) long-run and the short-run aggregate supply both decrease.
C) short-run aggregate supply will decrease.
D) long-run aggregate supply will increase and the short-run aggregate supply will decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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