How do wages respond to credit expansion according to Austrian theory? a. Early and late production stage
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Question:
How do wages respond to credit expansion according to Austrian theory?
a. Early and late production stage wages would increase relative to wages in the other stages of production
b. Early and late production stage wages would decrease relative to wages in the other stages of production
c. Real wages would generally decrease
d. Real wages would generally increase
Related Book For
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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