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Economics

Explain what the short is--run effect of a fiscal contraction (lower government spending for example?

What happens to the nominal wage rate during the process of moving from short-run equilibrium to long run equilibrium?

What about real wage rate

Draw carefully all the steps from the initial equilibrium to short and long-run equilibrium

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91231842

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