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Unformatted text preview: c. How dies this change in nominal wage affect the profitability of producing goods and services at any given price level? d. How does this change in profitability affect the SRAS curve? e. If AD is held constant, how does this shifting in the AS curve affect the price level and the quantity of output produced? f. Do you think this Fed chairman was a good appointment?...
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This note was uploaded on 04/26/2008 for the course ECN 115 taught by Professor Jia during the Summer '06 term at Northeastern.
- Summer '06