How the profits of firms will increase

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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.

Reference no: EM13128972

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