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Use the Following to Answer Questions

Question 57

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Use the following to answer questions.
Exhibit: Aggregate Production Function, Labor Market, and LRAS Use the following to answer questions. Exhibit: Aggregate Production Function, Labor Market, and LRAS -(Exhibit: Aggregate Production Function, Labor Market, and LRAS) The real wage is the ratio of A) the price level to the nominal wage. B) the nominal wage to the quantity of labor employed. C) the nominal wage to the price level. D) real GDP to the nominal wage.
-(Exhibit: Aggregate Production Function, Labor Market, and LRAS) The real wage is the ratio of


A) the price level to the nominal wage.
B) the nominal wage to the quantity of labor employed.
C) the nominal wage to the price level.
D) real GDP to the nominal wage.

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