Economists expect that as the labor market continues to tighten going into the latter part of 2015
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Economists expect that as the labor market continues to tighten going into the latter part of 2015 that workers should begin to expect wage increases in 2015 and 2016. Assuming this occurs and it was the only development in the labor market that year, how would this affect the AS curve? What if it was also accompanied by an increase in worker productivity?
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If economists expect wage increases in 2015 and 2016 due to a tightening labor market this would likely impact the Aggregate Supply AS curve in the fo...View the full answer
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