What will likely happen to the SAS curve in each of the following instances? a. Productivity rises
Question:
a. Productivity rises 3 percent; wages rise 4 percent, h. Productivity rises 3 percent; wages rise 1 percent.
c. Productivity declines 1 percent; wages rise 1 percent.
d. Productivity rises 2 percent; wages rise 2 percent.
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a The SAS curve will shift up by 1 percent since wages rise by more than the ...View the full answer
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