Which of the following is true according to the sticky-wage theory of aggregate supply as a result of the increase in the money supply? Check all that apply.
a. Nominal wages at the initial equilibrium are less than nominal wages at the new short-run equilibrium.
b. Nominal wages at the initial equilibrium are less than nominal wages at the new long-run equilibrium.
c. Real wages at the initial equilibrium are greater than real wages at the new short-run equilibrium.
d. Real wages at the initial equilibrium are greater than real wages at the new long-run equilibrium.
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