-In the Above Figure, the Economy Is at Point a and the Money

question 381

Multiple Choice

-In the above figure, the economy is at point A and the money wage rate falls by 10 percent. If the price level is constant, firms will be willing to supply output equal to

• A) less than $13.0 trillion
• B) more 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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