Multiple Choice
Autoworkers agree to a cut in the nominal wage rate. This event ________ short-run aggregate supply and ________ long-run aggregate supply.
A) does not change; does not change
B) decreases; does not change;
C) increases; does not change;
D) increases; increases
E) decreases; does not change
Correct Answer:
Verified
Correct Answer:
Verified
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