A rise in the equilibrium wage rate will result in what change in the ADIAS model? (Pick 1 Answer) A. The short-run aggregate supply curve will shift to the left. B. The equilibrium price will decrease.
A rise in the equilibrium wage rate will result in what change in the ADIAS model? (Pick 1 Answer) A. The short-run aggregate supply curve will shift to the left. B. The equilibrium price will decrease.
Chapter8: Macroeconomic Equilibrium: Aggregate Demand And Supply
Section: Chapter Questions
Problem 11E
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2. A rise in the equilibrium wage rate will result in what change in the ADIAS model?
(Pick 1 Answer)
A. The short-run aggregate supply curve will shift to the left.
B. The equilibrium price will decrease.
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