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An Increase in the Money Wage Rate Shifts the Short-Run

question 304

Multiple Choice

An increase in the money wage rate shifts the short-run aggregate supply curve ________; an increase in technology shifts the long-run aggregate supply curve ________.


Definitions:

Divide

The mathematical operation of partitioning a number into equal parts or groups.

Medication

Chemical substances used to diagnose, treat, prevent, or cure diseases and relieve symptoms in humans or animals.

Symbol

A sign, shape, or object that is used to represent an idea, action, entity, or quality.

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