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Which of the following events will shift the Wage-Setting curve down? 1) a 2% increase in nominal wage but 3% change in the price level.

Which of the following events will shift the Wage-Setting curve down? 1) a 2% increase in nominal wage but 3% change in the price level. 2) a 2% increase in nominal wage but 1% change in the price level. 3) an increase in the employment rate. 4) a decrease in employment rate. O 5) no correct

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