Economy, asked by SrishtiMotwani2947, 11 months ago

How will an increase in wages affect short term aggregate supply?

Answers

Answered by BrainlyVirushka

Answer:

This is the way firms in our economy typically react to a rise in wages. Therefore, a wage increase leads to a decrease in aggregate quantity supplied at current prices. Graphically, the aggregate supply curve shifts to the left (or inward), as shown in Figure 27-2.

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