Multiple Choice
-Refer to Figure 15.2. A movement from point c to point b would be the result of the
A) unemployment rate being higher than the natural rate, causing wages to rise.
B) unemployment rate being higher than the natural rate, causing wages to fall.
C) natural rate being higher than the unemployment rate, causing wages to rise.
D) natural rate being higher than the unemployment rate, causing wages to fall.
Correct Answer:
Verified
Correct Answer:
Verified
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