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21 Oct 2020
What is the effect of a minimum wage law that raises nominal wages on SRAS and real GDP?
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Increase in SRAS; increase in real GDP
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Increase in SRAS; decrease in real GDP
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Decrease in SRAS; increase in real GDP
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Decrease in SRAS; decrease in real GDP
What is the effect of a minimum wage law that raises nominal wages on SRAS and real GDP?
-
-
Increase in SRAS; increase in real GDP
-
Increase in SRAS; decrease in real GDP
-
Decrease in SRAS; increase in real GDP
-
Decrease in SRAS; decrease in real GDP
-
Kristelle BalandoLv10
21 Oct 2020