question archive Suppose that in an attempt to protect workers, Congress imposes legislation that makes it more difficult and time consuming to reduce workers' nominal wages
Suppose that in an attempt to protect workers, Congress imposes legislation that makes it more difficult and time consuming to reduce workers' nominal wages
Subject:EconomicsPrice:2.88 Bought3
Suppose that in an attempt to protect workers, Congress imposes legislation that makes it more difficult and time consuming to reduce workers' nominal wages. How would SRAS and LRAS be affected by this change?
A) the SRAS curve would become steeper and the LRAS curve would remain unchanged
B) neither curve would be affected
C) The SRAS curve would become flatter and the LRAS curve would remain unchanged
D) The SRAS curve would shift to the right and the LRAS curve would shift to the right
Option 1
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