Explain the influence of the money wage increase on the quantity of real GDP supplied and aggregate supply in the UAE and use a graph to illustrate.

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An increase in monetary wages will reduce labor demand as having more high-wage employees increases production costs, leading to more unplanned investment in the form of high inventory levels. Firms will lay off workers and reduce their investments to achieve equilibrium where the real GDP equals the potential GDP. This decision will result in a decline in real GDP and a shift to the left in the aggregate supply curve.