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The Short-Run Aggregate Supply Curve Slopes Upward Because,with a Given

Question 145

Multiple Choice

The short-run aggregate supply curve slopes upward because,with a given equilibrium wage rate,a higher actual price level will


A) reduce the actual real wage and induce firms to hire more labor.
B) shift the labor supply curve.
C) increase the aggregate demand for goods,so that output will rise.
D) All of these.

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