In 2008 the Money Wage Rate in Ireland Increased by 4

question 172

Multiple Choice

In 2008 the money wage rate in Ireland increased by 4 percent while the price level increased by 8 percent. As a result, Ireland's

• A) short-run aggregate supply curve shifted leftward.
• B) short-run aggregate supply curve shifted rightward.
• C) long-run aggregate supply curve shifted rightward.
• D) short-run and long-run aggregate supply curves shifted rightward.

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