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Exhibit 9-1 -Refer to Exhibit 9-1.The Economy Is Currently Producing Q1.An Economist

Question 135

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Exhibit 9-1
Exhibit 9-1 -Refer to Exhibit 9-1.The economy is currently producing Q<sub>1.</sub>An economist who believes wages are flexible in the downward direction would argue that A) it is likely the economy will soon move to point B. B) it is likely the economy will soon move to point A. C) it is not likely the economy will move to point A on its own accord now or anytime soon. D) Real GDP will soon take a downturn.
-Refer to Exhibit 9-1.The economy is currently producing Q1.An economist who believes wages are flexible in the downward direction would argue that


A) it is likely the economy will soon move to point B.
B) it is likely the economy will soon move to point A.
C) it is not likely the economy will move to point A on its own accord now or anytime soon.
D) Real GDP will soon take a downturn.

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