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-In the Above Figure, If the Economy Is at Point

Question 300

Multiple Choice

-In the above figure, if the economy is at point A, which of the following is true? A) The economy might be at point A as a result of a recent cut in the tax rate. B) Money wages can be expected to fall. C) The economy is in a recession. D) Point A is the long- run equilibrium point.
-In the above figure, if the economy is at point A, which of the following is true?


A) The economy might be at point A as a result of a recent cut in the tax rate.
B) Money wages can be expected to fall.
C) The economy is in a recession.
D) Point A is the long- run equilibrium point.

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