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    Macroeconomics Study Set 68
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    Exam 12: Aggregate Demand and Aggregate Supply
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    Collective Bargaining Agreements That Prohibit Wage Cuts for the Duration
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Collective Bargaining Agreements That Prohibit Wage Cuts for the Duration

Question 23

Question 23

Multiple Choice

Collective bargaining agreements that prohibit wage cuts for the duration of the contract contribute to


A) a wealth effect.
B) a multiplier effect.
C) an increase in aggregate supply.
D) a price level that is inflexible downward.

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