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If Workers Demand and Receive Higher Real Wages (A Successful

question 33

Multiple Choice

If workers demand and receive higher real wages (a successful wage push) ,the cost of production ________ and the short-run aggregate supply curve shifts ________.


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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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