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The Government Passes a Law Which Doubles the Wages of All

Question 142

Multiple Choice

The government passes a law which doubles the wages of all workers.Aggregate supply will ________,real GDP will ________,and the price level will ________.


A) increase;increase;remain the same
B) decrease;decrease;increase
C) decrease;increase;increase
D) remain the same;increase;increase
E) increase;remain the same;increase

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