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-Refer to Exhibit 9-1

Question 34

Multiple Choice

-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 most likely 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 without government intervention. 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 most likely 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 without government intervention.
D) Real GDP will soon take a downturn.

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