Assume that the economy is initially operating at the natural level of output. An increase in firm confidence will cause:
A) no change in the real wage in the medium run.
B) an increase in the nominal wage in the medium run.
C) a decrease in the real wage in the medium run.
D) an increase in the real wage in the medium run.
E) a decrease in the nominal wage in the medium run.
Correct Answer:
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