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Joe's increase in wages has been identical to the increase in the price level. Joe thinks that he is better off and has increased his
Joe's increase in wages has been identical to the increase in the price level. Joe thinks that he is better off and has increased his expenditures. Joe's behavior is consistent with O A. money illusion. O B. a vertical aggregate supply curve. O C. the classical model. O D. Say's Law
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
