Multiple Choice
The government passes a law which doubles the wages of all workers.Aggregate supply will ________,and real GDP will ________,and the price level will ________.
A) increase;remain the same;increase.
B) remain the same;increase;increase.
C) increase;increase;remain the same.
D) decrease;increase;increase.
E) decrease;decrease;increase.
Correct Answer:
Verified
Correct Answer:
Verified
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