The cost of labor goes down the profits of firms will, Ask an Expert

Economics

Other things constant, if the cost of labor goes down, the profits of firms will

a. increase, and short-run aggregate supply will shift to the right.

b. fall, and short-run aggregate supply will shift to the left.

c. increase, and long-run aggregate supply will shift to the right. d. fall, and long-run aggregate supply will shift to the left.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9409171

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