Multiple Choice
An economy experiences a recessionary gap.As a result, the money wage rate
A) falls, shifting the aggregate supply curve rightward.
B) rises, shifting the aggregate supply curve leftward.
C) rises, shifting the aggregate demand curve rightward.
D) falls, shifting the aggregate demand curve leftward.
E) falls, increasing potential GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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