A decrease in the nominal wage will cause the aggregate supply curve to
A. shift outward. .
B. shift inward.
C. become flatter
D. become steeper. .
Answer: A
Economics
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A supply schedule is a table that reports:
A) the expected excess supply in the market at different prices. B) the profits earned by producers at different levels of production. C) the different quantities of a good that producers are willing to sell at different prices. D) the different quantities of a good that producers are willing to sell at different income levels.
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In the Monetarists' view, a one-time increase in the price level results from a(n)
A) technological improvement. B) increase in the labor force. C) supply shock. D) interest-rate increase.
Economics