Suppose the Price Level Rises and the Money Wage Remains

question 247

Multiple Choice

Suppose the price level rises and the money wage remains constant. This set of changes leads to

• A) an upward movement along the LAS curve.
• B) a leftward shift of the SAS curve.
• C) an upward movement along the SAS curve.
• D) a leftward shift of the SAS curve and the LAS curve.

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