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If there is an inflationary gap, nominal wages _____, and the _____ curve shifts _____ until the economy reaches long-run equilibrium. fall; short-run aggregate supply;
If there is an inflationary gap, nominal wages _____, and the _____ curve shifts _____ until the economy reaches long-run equilibrium.
fall; short-run aggregate supply; right
rise; short-run aggregate supply; left
fall; aggregate demand; left
rise; aggregate demand; right
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