Multiple Choice
If the money wage rate and other resource prices do not change when the price level rises by 10 percent,
A) the long-run aggregate supply curve shifts leftward.
B) the short-run aggregate supply curve shifts leftward.
C) the long-run aggregate supply curve shifts rightward.
D) there is movement along the short-run aggregate supply curve.
Correct Answer:
Verified
Correct Answer:
Verified
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