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If workers demand and receive higher real wages (a successful wage push) ,the cost of production ________ and the short-run aggregate supply curve shifts ________.
Task Expertise
Specific knowledge or skills related to performing certain tasks efficiently and effectively.
Optimizing Decisions
Optimizing decisions give the absolute best solution to a problem.
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Simple, practical guidelines or principles, often based on experience rather than precise knowledge, used to make decisions or solve problems.
Decision-Making
The cognitive process of selecting a course of action among several alternatives to achieve a desired objective.
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