Use the following to answer questions.
Exhibit: The Aggregate Demand/Aggregate Supply Model 1 
-(Exhibit: The Aggregate Demand/Aggregate Supply Model 1) For the economy represented in the figure,
A) the real wage rate is higher than full-employment real wage.
B) the real wage rate is lower than full-employment real wage.
C) the nominal wage rate is higher than full-employment nominal wage.
D) the nominal wage rate is lower than full-employment nominal wage.
Correct Answer:
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Q99: Using the aggregate demand-aggregate supply model, predict
Q100: Use the following to answer questions .
Exhibit:
Q101: Suppose the economy is initially in long-run
Q102: During the recession of 2001, the leftward
Q103: Use the following to answer questions .
Exhibit:
Q105: Use the following to answer questions.
Exhibit: The
Q106: Use the following to answer questions .
Exhibit:
Q107: Suppose the economy is initially in long-run
Q108: Use the following to answer questions .
Exhibit:
Q109: Use the following to answer questions .
Exhibit:
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