The labor force participation rate fell during the pandemic. This would shift the LRAS curve right shift the SRAS curve up/left shift the SRAS curve down/right shift the LRAS curve left
The labor force participation rate fell during the pandemic. This would
shift the LRAS curve right
shift the SRAS curve up/left
shift the SRAS curve down/right
shift the LRAS curve left
As prices rise while wages are sticky, firms' profit per unit rises. This is an explanation for why
rising prices shift SRAS curve to the left
the SRAS curve is upward sloping
the AD curve is downward sloping
rising prices shift SRAS curve to the right
When the economy is at a short-run equilibrium above full employment, what is happening in the labor market?
unemployment is low and there will be downward pressure on wages
unemployment is high and there will be upward pressure on wages
unemployment is low and there will be upward pressure on wages
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