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If the price level increases in the short run, assuming costs of production are unchanged, _________________. Select the correct answer below: labor costs will increase
If the price level increases in the short run, assuming costs of production are unchanged, _________________. Select the correct answer below: labor costs will increase as well suppliers will increase production real GDP will remain constant none of the above
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Economics of Managerial Decisions
Authors: Roger Blair, Mark Rush
1st edition
134166167, 978-0134166162, 9780134140773 , 978-0133548235
