An economy adjusts on its own to close a recessionary gap, Business Economics

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An economy adjusts on its own to close a recessionary gap

An economy adjusts on its own to close a recessionary gap because there is

a. pressure on nominal wages to fall and this shifts the SRAS curve rightward.

b. pressure on nominal wages to rise and this shifts the SRAS curve rightward.

c. pressure on nominal wages to fall and this shifts the SRAS curve leftward.

d. pressure on nominal wages to rise and this shifts the SRAS curve leftward

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Business Economics: An economy adjusts on its own to close a recessionary gap

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Business Economics: An economy adjusts on its own to close a recessionary gap

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