According to Gordon,an Upward Shift in the SAS Curve Caused

question 116

Multiple Choice

According to Gordon,an upward shift in the SAS curve caused by a renegotiation of nominal wages is

• A)supply inflation since the SAS curve shifted.
• B)not supply inflation since the required change in nominal wages is the result of past change in AD and pe.
• C)natural since the SAS curve shifted.
• D)a permanent acceleration of inflation.

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