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    Economics Today
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    Exam 8: Modelling Real Gdp and the Price Level in the Short Run
  5. Question
    If the Money Wage Rate Is Constant and the Price
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If the Money Wage Rate Is Constant and the Price

Question 53

Question 53

Essay

If the money wage rate is constant and the price level rises,what happens to the real wage rate,firms' profits,and the quantity of real GDP supplied?

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The real wage rate falls.The fall in the...

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