Multiple Choice
Which one of the following statements is not a true statement?
A) A demand shock like the recession of 2009 created a recessionary gap.
B) A demand shock like the recession of 2009 led to the leftward of the demand curve for labour.
C) A demand shock like the recession of 2009 led to speedy downward adjustment of equilibrium wage rate.
D) A demand shock like the recession of 2009 led to recessionary gap and cyclical unemployment.
Correct Answer:
Verified
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