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Workers resist any decrease in wages; therefore, any general decrease in price is generally associated with a decrease in real output. This accurately describes (2
Workers resist any decrease in wages; therefore, any general decrease in price is generally associated with a decrease in real output. This accurately describes (2 points) the sticky price of labor explaining the short-run aggregate supply curve's shape any decrease in input costs leading to greater output the real wealth effect on the short-run aggregate supply curve the impact of a demand shock on the short-run aggregate demand the relationship between wages and the interest rate
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