Autoworkers Agree to a Cut in the Nominal Wage Rate

question 124

Multiple Choice

Autoworkers agree to a cut in the nominal wage rate. This event ________ short-run aggregate supply and ________ long-run aggregate supply.

• A)does not change; does not change
• B)decreases; does not change;
• C)increases; does not change;
• D)increases; increases
• E)decreases; does not change

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