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Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, a shift in

Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, a shift in neither curve, or a shift in both curves. If a shift is caused, indicate which curve shifts, and in which direction it shifts. What happens to aggregate output and the price level in each case?

  1. wage rate decreases

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