In the Friedman "Fooling Model" a ________ causes the labor supply curve to shift, and in Figure 17-1 above, if the initial equilibrium is at point C then, the new level of price expectations, POe is ________ than the initial level of Pe

A) change in the money supply; less than
B) change in real wages; less than
C) change in nominal wages; greater than
D) change in price expectations; greater than

D

Economics

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