Question: If there is a decrease in wages in an economy, with AD/AS equilibrium in mind, what are the short-run and long-run effects and what creates

If there is a decrease in wages in an economy, with AD/AS equilibrium in mind, what are the short-run and long-run effects and what creates the effects? Please include detailed explanation.

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Answer In the short run a decrease in wages can impact the Aggregate DemandAggregate Supply ADAS equilibrium in an economy Lets break down the shortru... View full answer

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