A rise in the money wage rate shifts the
A)AD curve rightward.
B)AS curve leftward.
C)AD curve leftward.
D)potential GDP curve rightward.
E)AS curve rightward.

Name: A rise in the money wage rate shifts the A)AD curve rightward. B)AS curve leftward. C)AD curve leftward. D)potential GDP curve rightward. E)AS curve rightward.
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Question

Quizplus · Accepted Answer

A rise in the money wage rate increases production costs, which decreases aggregate supply, shifting the AS curve leftward.

A Rise in the Money Wage Rate Shifts the