Multiple Choice
Other things constant, if the cost of labor goes down, the profits of firms will
A) increase, and short-run aggregate supply will shift to the right.
B) fall, and short-run aggregate supply will shift to the left.
C) increase, and long-run aggregate supply will shift to the right.
D) fall, and long-run aggregate supply will shift to the left.
Correct Answer:
Verified
Correct Answer:
Verified
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