Multiple Choice
A reduction in nominal wages will cause which of the following?
A) a movement along the short-run aggregate supply curve
B) a shift of both the short-run and long-run aggregate supply curves
C) a rightward shift in the short-run aggregate supply curve
D) a leftward shift in the short-run aggregate supply curve to shift to the left
Correct Answer:
Verified
Correct Answer:
Verified
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