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Ceteris paribus, a rightward shift of the short-run aggregate supply (SRAS) curve causes:
a. an increase in the price level, which in turn causes quantity demanded to fall
b. an increase in the price level, which in turn causes quantity demanded to rise
c. a decrease in the price level, which in turn causes quantity demanded to fall
d. a decrease in the price level, which in turn causes quantity demanded to rise
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How do job evaluation and market pricing approaches to setting pay ranges differ? What are the strengths and drawbacks of each approach?
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