Which of the following statements regarding aggregate supply are correct?
A) Moving along the long- run aggregate supply curve, the money wage rate changes but the price level is constant.
B) Moving along the long- run aggregate supply curve, both the price level and the money wage rate change by the same percentage.
C) Moving along the short- run aggregate supply curve, both the price level and the money wage rate change by the same percentage.
D) Moving along the short- run aggregate supply curve, the money wage rate changes but the price level is constant.
Correct Answer:
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Q46: Q47: Along a short- run aggregate supply curve, Q48: Moving upward along the SAS results in Q49: The short- run aggregate supply curve is Q51: Suppose the price level, the money wage, Q52: A decrease in the price level accompanied Q53: A change in results in a movement Q54: Which of the following does NOT shift Q55: The short- run aggregate supply curve is Q57: Moving along a short-run aggregate supply curve,
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