In Exhibit 4, the Self-Correction Argument Is That in the Long

question 67

Multiple Choice

In Exhibit 4, the self-correction argument is that in the long run competition:

• A)from unemployed workers causes an increase in nominal wages and a leftward shift in SRAS.
• B)from unemployed workers causes a rightward shift in SRAS.
• C)among firms for workers increases nominal wages and this causes a leftward shift in SRAS.
• D)among consumers causes an increase in the CPI and a rightward shift in SRAS.

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