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Figure 7-4 -Refer to Figure 7-4. for the Economy Represented in the Represented

Question 115

Multiple Choice

Figure 7-4 Figure 7-4 -Refer to Figure 7-4. 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 higher than full-employment nominal wage
-Refer to Figure 7-4. 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 higher than full-employment nominal wage

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