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Author Question: If the price level rises and the money wage rate remains constant, what happens to the quantity of ... (Read 144 times)

roselinechinyere27m

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on: Jun 29, 2018
If the price level rises and the money wage rate remains constant, what happens to the quantity of real GDP supplied? Along which aggregate supply curve does the economy move?
 
  What will be an ideal response?

Question 2

Anita is the retired president of Claddagh College and currently serves on the board of directors of the Patrician Pharmaceutical Company. Anita is considered ________ of the company.
 
  A) an outside director B) an inside director
  C) a managing director D) a silent partner


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asdfghjkl;

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Reply #1 on: Jun 29, 2018
Answer to Question 1

If the price level rises and the money wage rate remains constant the quantity of real GDP supplied increases and the economy moves along the SAS curve.

Answer to Question 2

A


roselinechinyere27m

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

covalentbond

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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