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If the Price Level Remains Constant but the Wage Rate

question 134

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If the price level remains constant but the wage rate increases,then there will be __________ in production and the SRAS curve will shift __________.


Definitions:

Par Value

The face value of a bond or stock as stated by the issuer, which has little relation to its market price.

Issued

The act of officially distributing or making something available, such as a public statement, document, currency, or security.

MBCA

Model Business Corporation Act, a template for state corporation statutes that provides legal guidelines for corporate governance and operations.

Articles of Incorporation

Legal documents filed with the state government to legally establish a corporation.

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