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1. If the price level and the money wage rate rise by the same percentage, along which aggregate supply curve does the economy move? What
1. If the price level and the money wage rate rise by the same percentage, along which aggregate supply curve does the economy move? What happens to the quantity of real GDP supplied? 2. 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? 3. If potential GDP increases, what happens to aggregate supply? Does the LAS curve shift or is there a movement along the LAS curve? Does the SAS curve shift or is there a movement along the SAS curve? 4. If the money wage rate rises and potential GDP remains the same, does the LAS curve or the SAS curve shift or is there a movement along the LAS curve or the SAS curve
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