
In the Keynesian DMP model,the high wage equilibrium has
A) more unemployment, more vacancies, and higher output relative to the low wage equilibirum.
B) less unemployment, fewer vacancies, and lower output relative to the low wage equilibirum.
C) more unemployment, fewer vacancies, and uncertain output relative to the low wage equilibirum.
D) more unemployment, more vacancies, and uncertain output relative to the low wage equilibirum.
E) less unemployment, more vacancies, and uncertain output relative to the low wage equilibirum.
Correct Answer:
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