If the price level and the money wage rate rise by the same percentage, the quantity of real gdp supplied ______ and there is a movement up along the ______ aggregate supply curve.
There
is no change in the quantity of
real GDP supplied and a movement occurs up along the economy's supply
schedule in the long‐run that is the Long-run Aggregate Supply (LAS) curve if
the price level and the money wage rise by the same percentage.
