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In the Figure Above, According to the Classical Model of Economic

Question 42

Multiple Choice

  In the figure above, according to the classical model of economic growth, in the long run the real wage rate equals <sub>--------------------</sub>and the quantity of labor is<sub>--------------------</sub> billions of hours per year. A) $35; 300 B) $35; 200 C) $25; 300 D) $25; 200 E) More information is needed to answer the question.
In the figure above, according to the classical model of economic growth, in the long run the real wage rate equals --------------------and the quantity of labor is-------------------- billions of hours per year.


A) $35; 300
B) $35; 200
C) $25; 300
D) $25; 200
E) More information is needed to answer the question.

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