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When the Economy Is in an Inflationary Gap,the Labor Market

Question 107

Multiple Choice

When the economy is in an inflationary gap,the labor market is experiencing a _____________.In a self-regulating economy,wage rates will then ___________ and the ______________ curve will shift __________________.


A) shortage; rise; SRAS; leftward
B) shortage; fall; SRAS; leftward
C) surplus; rise; AD; rightward
D) shortage; fall; AD; rightward
E) surplus; fall; SRAS; rightward

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