As the money wage rate increases,
A) potential GDP decreases.
B) aggregate supply increases.
C) aggregate supply and potential GDP do not change.
D) aggregate supply decreases.
E) potential GDP increases.
Correct Answer:
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Q41: During the late 1960s, U.S. defense spending
Q42: Q43: If real GDP is less than potential Q44: The aggregate supply curve slopes --------------------because a-------------------- Q45: The slope of the aggregate supply curve Q47: When the macroeconomic equilibrium is such that Q48: When investment increases, the --------------------in aggregate demand Q49: The money wage rate is constant when Q50: If the price of oil rises, the Q51: The AS curve shifts leftward if
A)AD
A)the money
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