1) If the economy exhibits a recessionary gap in the short run,the real wage rate will (fall, rise), andshort run aggregate supply curve will shift (leftward, rightward) 2) If the economy exhibits an expansionarygap in the short run, the real wage rate will (fall, rise), and short run aggregate sup...

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1) If the economy exhibits a recessionary gap in the short run,the real wage rate will __________________...

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1) If the economy exhibits a recessionary gap in the short run,the real wage rate will __________________ (fall, rise), andshort-run aggregate supply curve will shift __________________(leftward, rightward).

If the economy exhibits an expansionarygap in the short run, the real wage rate will __________________(fall, rise), and short-run aggregate supply curve will shift__________________ (leftward, rightward).

Posted Date: May 24, 2024 10:09 AM

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1) If the economy exhibits a recessionary gap in the short run,the real wage rate will __________________...

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