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Figure 7.1 -Refer to Figure 7.1 . Start from Initial Equilibrium. If

Question 33

Multiple Choice

Figure 7.1
Figure 7.1 -Refer to Figure 7.1 . Start from initial equilibrium. If firms reduce their capital stock, the new real wage could be ________ and the new amount of labor employed could be ________. A) Z; C B) Y; C C) X; C D) X; A
-Refer to Figure 7.1 . Start from initial equilibrium. If firms reduce their capital stock, the new real wage could be ________ and the new amount of labor employed could be ________.


A) Z; C
B) Y; C
C) X; C
D) X; A

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