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As productivity in an economy increases, which of the following results? As productivity in an economy increases, which of the following results? Aggregate demand shifts
As productivity in an economy increases, which of the following results? As productivity in an economy increases, which of the following results? Aggregate demand shifts to the right The cost to produce falls, causing long run aggregate supply to shift to the right Wages rise as workers demand to be compensated for higher productivity
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
