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Between 2007 and 2009, the U

Question 14

Multiple Choice

Between 2007 and 2009, the U.S. unemployment rate rose from under 5 percent to over 8 percent. A Keynesian economist would most likely blame this increase in unemployment on:


A) an increase in the minimum wage.
B) an increase in the bargaining power of labor unions.
C) a decline in the level of aggregate demand.
D) a decline in aggregate supply.

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