Figure 7-5 -In Figure 7-5 Above,at Point C,the Real Wage Is ________

question 100

Multiple Choice

Figure 7-5

-In Figure 7-5 above,at point C,the real wage is ________ its equilibrium value,leading to changes in the nominal wage that ________.

• A)above,shift AD₁ back to AD₀
• B)below,shift AD₁ further to the right
• C)below,shift SAS₀ upward
• D)above,shift SAS₀ downward

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