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Economics 11th Edition by William McEachern
Edition 11ISBN: 978-1305505469Economics 11th Edition by William McEachern
Edition 11ISBN: 978-1305505469 Exercise 20
LONG-RUN ADJUSTMENT In the long run, why does an actual price level that exceeds the expected price level lead to changes in the nominal wage? Why do these changes cause shifts of the short-run aggregate supply curve?
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Change in nominal wage: long-run adjustm...
Economics 11th Edition by William McEachern
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