Multiple Choice
The more firms that pay efficiency wages,the
A) more likely the economy will get stuck in a recessionary gap.
B) less likely the economy will get stuck in a recessionary gap.
C) more likely the economy will get stuck in an inflationary gap.
D) more likely (over time) the economy will produce Natural Real GDP.
E) b and c
Correct Answer:
Verified
Correct Answer:
Verified
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