The government passes a law that all employees must double the wage they are paying their workers. Which curve on the aggregate demand and short-run aggregate supply curve will move, and in which direction?

The government passes a law that all employees must double the wage they are paying their workers. Which curve on the aggregate demand and short-run aggregate supply curve will move, and in which direction?

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter23: Aggregate Demand And Aggregate Supply

Section23.2: Explaining Short·run Economic Fluctuations

Problem 2QQ

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