When wage rates rise the short-run aggregate supply curve shifts to the right.
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Q10: In short-run equilibrium,the quantities supplied and demanded
Q11: The aggregate demand (AD)curve is the graphical
Q12: The level of Real GDP that the
Q13: When foreign real national income rises,domestic Real
Q14: If businesses are optimistic about future sales,the
Q16: Some of the factors that can shift
Q17: As interest rates drop,households tend to borrow
Q18: An adverse supply shock results in an
Q19: An aggregate demand (AD)curve shows the
A) amount
Q20: The level of Real GDP and the
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