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During 2010, a country reports that its price level fell and the money wage rate did not change. The

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During 2010, a country reports that its price level fell and the money wage rate did not change. The

During 2010, a country reports that its price level fell and the money wage rate did not change. These changes led to
A) a higher real wage rate, lower profits, and a decrease in the quantity of real GDP supplied.
B) a higher real wage rate, higher profits, and an increase in the quantity of real GDP supplied.
C) a lower real wage rate, lower profits, and a decrease in the quantity of real GDP supplied.
D) a lower real wage rate, higher profits, and an increase in the quantity of real GDP supplied.
E) no change in the real wage rate and an increase in aggregate demand.

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Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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