When money wages rise, the most significant effect on the aggregate supply curve is that it

What is a fractional reserve banking system? How long has the fractional reserve banking system been in existence?

What will be an ideal response?

Because economic profits are eliminated in the long run in monopolistic competition, to earn an economic profit firms continuously

A) shut down. B) exit the industry. C) innovate and develop new products. D) declare bankruptcy. E) decrease their costs by decreasing their selling costs.