Multiple Choice
If,other things constant,the actual real wage is below the equilibrium real wage,the short-run aggregate supply curve in the next period would
A) be unaffected and the price level would remain constant.
B) shift upward and the price level would increase.
C) shift downward and the price level would fall.
D) be vertical and the price level would increase.
Correct Answer:
Verified
Correct Answer:
Verified
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