If output is above its natural rate, then according to sticky-wage theory
a. workers and firms will strike bargains for higher wages. This increase in wages shifts the short-run aggregate supply curve right.
b. workers and firms will strike bargains for higher wages. This increase in wages shifts the short-run aggregate supply curve left.
c. workers and firms will strike bargains for lower wages. This decrease in wages shifts the short-run aggregate supply curve right.
d. workers and firms will strike bargains for lower wages. This decrease in wages shifts the short-run aggregate supply cur
