Question
If there is no change in government policies, the long-run adjustment to a negative supply shock results in A.workers being willing to accept higher wages.
If there is no change in government policies, the long-run adjustment to a negative supply shock results in
A.workers being willing to accept higher wages.
B.unemployment rising.
C.the price level rising.
D.the short-run aggregate supply curve shifting down.
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123968
