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Moving Along the Potential GDP Line, When the Price Level

question 261

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Moving along the potential GDP line, when the price level changes, the i. real wage rate stays at the full-employment equilibrium level.
Ii. money wage rate changes by the same percentage.
Iii. money prices of non-labor resources change by the same percentage.


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Plans of action designed to promote and sell a product or service by identifying target markets and developing a mix of marketing tactics to reach them.

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