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Use the Following to Answer Questions

Question 58

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Use the following to answer questions.
Exhibit: Aggregate Production Function, Labor Market, and LRAS Use the following to answer questions. Exhibit: Aggregate Production Function, Labor Market, and LRAS -(Exhibit: Aggregate Production Function, Labor Market, and LRAS) The economy could achieve its potential output at a price level-nominal wage combination of A) 1.5 and $60,000. B) 1.0 and $50,000. C) 1.0 and $45,000 D) 0.5 and $30,000.
-(Exhibit: Aggregate Production Function, Labor Market, and LRAS) The economy could achieve its potential output at a price level-nominal wage combination of


A) 1.5 and $60,000.
B) 1.0 and $50,000.
C) 1.0 and $45,000
D) 0.5 and $30,000.

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