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

question 220

Multiple Choice

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

• A) less than $18.0 trillion.
• B) $18.0 trillion.
• C) more than $18.0 trillion.
• D) Without more information, it is impossible to determine which of the above answers is correct.

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