According to the sticky-wage theory of aggregate supply, nominal wages at the initial equilibrium are nominal wages at the short-run equilibrium resulting from the increase in the money supply, and __ nominal wages at the long-run equilibrium.

Answer: According to the sticky-wage theory of aggregate supply, nominal wages at the initial equilibrium are EQUAL TO nominal wages at the short-run equilibrium resulting from the increase in the money supply, and LESS THAN nominal wages at the long-run equilibrium.

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According to the sticky-wage theory of aggregate supply, nominal wages at the initial equilibrium are ____________ nominal wages at the short-run equilibrium resulting from the increase in the money supply, and ______________ nominal wages at the long-run equilibrium.

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According to the sticky-wage theory of aggregate supply, nominal wages at the initial equilibrium are nominal wages at the short-run equilibrium resulting from the increase in the money supply, and __ nominal wages at the long-run equilibrium.