If Efficiency Wages Became More Common, Where Would the Long-Run

question 176

Multiple Choice

If efficiency wages became more common, where would the long-run Phillips curve and the long-run aggregate-supply curve shift?

• A) Both the long-run Phillips curve and the long-run aggregate-supply curve would shift right.
• B) Both the long-run Phillips curve and the long-run aggregate-supply curve would shift left.
• C) The long-run Phillips curve would shift right, and the long-run aggregate-supply curve would shift left.
• D) The long-run Phillips curve would shift left, and the long-run aggregate-supply curve would shift right.

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