Multiple Choice
In the fooling model,suppose that from an initial AD/SAS/LAS equilibrium a sudden expansion of aggregate demand occurs.With fooling,we would find employment and the actual real wage in the labor market diagram by moving
A) "northeast" along the labor supply curve.
B) "northwest" along the labor demand curve.
C) "southeast" along the labor demand curve.
D) "southwest" along the labor supply curve.
Correct Answer:
Verified
Correct Answer:
Verified
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