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AP® Macroeconomics

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Moderate

Wage Adjustments and AS

APMACR-DEJUVN

Because price level changes do not immediately affect nominal wages in the short run,

A

workers benefit.

B

employers lose out.

C

nobody benefits.

D

when wage adjustments do occur, it affects long-run supply.

E

when wage adjustments do occur, it pushes the price level lower.