Question: 8. In Exhibit A-8, the self-correcting AD-AS model argument is that competition a. from unemployed workers causes an increase in nominal wages and a rightward

8. In Exhibit A-8, the self-correcting AD-AS model argument is that competition

a. from unemployed workers causes an increase in nominal wages and a rightward shift in SRAS.

b. from unemployed workers causes a rightward shift in LRAS.

c. among fi rms for workers increases nominal wages, and this causes a leftward shift in SRAS.

d. among consumers causes an increase in the CPI and a rightward shift in SRAS.

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