apinkbunnywabbit
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  • 03-11-2021
  • Geography
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Explain the effect of supply and demand on wages.​

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ilovefries6 ilovefries6
  • 03-11-2021
How does an increase in wages affect supply and demand? Does a rise in the money wage rate makes the aggregate supply curve shift forward, meaning that the quantity supplied at any price level declines. Of fall in the money wage rate makes the aggregate supply curve shift outward, meaning that the quantity supplied at any price level increases. Hope this helps
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