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

Question 392

Multiple Choice

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


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

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