In Exhibit 4, the self-correction argument is that in the long run competition:
A)from unemployed workers causes an increase in nominal wages and a leftward shift in SRAS.
B)from unemployed workers causes a rightward shift in SRAS.
C)among firms for workers increases nominal wages and this causes a leftward shift in SRAS.
D)among consumers causes an increase in the CPI and a rightward shift in SRAS.

Question

Quizplus · Accepted Answer

The Answer of In Exhibit 4, the self-correction argument is that in the long run competition:
A)from unemployed workers causes an increase in nominal wages and a leftward shift in SRAS.
B)from unemployed workers causes a rightward shift in SRAS.
C)among firms for workers increases nominal wages and this causes a leftward shift in SRAS.
D)among consumers causes an increase in the CPI and a rightward shift in SRAS.

In Exhibit 4, the Self-Correction Argument Is That in the Long