Multiple Choice
When actual output is above potential output, over time:
A) nominal wages will increase, and the short-run supply curve will shift to the right.
B) nominal wages will increase, and the short-run supply curve will shift to the left.
C) the aggregate demand curve will shift to the right.
D) the short-run aggregate supply curve will shift to the right.
Correct Answer:
Verified
Correct Answer:
Verified
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