Multiple Choice
In the figure above, at point C, the real wage is ________ its equilibrium value, leading to changes in the nominal wage that ________.
A) above, shift AD1 back to AD0
B) below, shift AD1 further to the right.
C) below, shift SAS0 upward.
D) above, shift SAS0 downward.
Correct Answer:
Verified
Correct Answer:
Verified
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