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    Essential Foundations of Economics Study Set 1
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    Exam 19: Aggregate Supply and Aggregate Demand
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    Along the Aggregate Supply Curve,the Quantity of Real GDP Supplied
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Along the Aggregate Supply Curve,the Quantity of Real GDP Supplied

Question 217

Question 217

Multiple Choice

Along the aggregate supply curve,the quantity of real GDP supplied increases when the price level rises because


A) profits decrease.
B) the real wage rate falls.
C) the real wage rate rises.
D) the real wage rate and profits both fall.
E) the demand for the goods and services increases.

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