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If the Money Wage Rate and the Price Level Both

Question 227

Multiple Choice

If the money wage rate and the price level both rise by the same proportion,then in the figure above the potential GDP line ________,and the aggregate supply curve ________.


A) shifts rightward;does not shift
B) does not shift;shifts rightward
C) shifts rightward;shifts rightward
D) shifts rightward;shifts leftward
E) does not shift;shifts leftward

Correct Answer:

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