Multiple Choice
Exhibit 20-1
-According to the data in Exhibit 20-1, if economic conditions change such that the unemployment rate declines to 4.5 percent, what is the new value of aggregate hours?
A) 211 billion hours per year
B) 205 billion hours per year
C) Aggregate hours will be unaffected.
D) 241 billion hours per year
E) 220 billion hours per year
Correct Answer:

Verified
Correct Answer:
Verified
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