-In the Above Figure, the Economy Is at Point A Then

question 325

Multiple Choice

-In the above figure, the economy is at point A. Then the price level rises to 110 while the money wage rate remains constant. Firms will be willing to supply output equal to

• A) more than $13.0 trillion
• B) less than $13.0 trillion
• C) $13.0 trillion
• D) Without more information, it is impossible to determine which of the above answers is correct.

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