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In the IS-LM AD-AS model of the short run closed economy with an upward-sloping SRAS curve due to nominal wage stickiness, if a positive AS
In the IS-LM AD-AS model of the short run closed economy with an upward-sloping SRAS curve due to nominal wage stickiness, if a positive AS shock hits, I. ex post real wages will increase. ||. real GDP will increase. Select one: ' A. Only | is true. ' B. Only II is true ' C. Both land II are true ' D. Neither | norll is true. Which of the following statements is/are true? I. "Full employment" in macroeconomics refers to the case in which the unemployment rate is due to structural unemployment alone. II. Even though the unemployment rate that operates at "full employment" is above zero, such unemployment is a socially desirable outcome. Select one: " A. Only | is true. ' B. Only |l istrue C. Bothlandllaretrue ' D. Neither | norll is true
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