If real GDP is above its potential, then according to the classical theory Question 4 options: workers and businesses will agree to lower wages. In response to the lower wages firms will produce less at any given price level. workers and businesses will agree to lower wages. In response to the lower wages firms will produce more at any given price level. workers and businesses will agree to higher wages. In response to the higher wages firms will produce less at any given price level. workers and businesses will agree to higher wages. In response to the higher wages firms will produce more at any given price level