Multiple Choice
Use the following to answer questions.
Exhibit: The Aggregate Demand/Aggregate Supply Model 1 
-(Exhibit: The Aggregate Demand/Aggregate Supply Model 1) For the economy represented in the figure,
A) the real wage rate is higher than full-employment real wage.
B) the real wage rate is lower than full-employment real wage.
C) the nominal wage rate is higher than full-employment nominal wage.
D) the nominal wage rate is lower than full-employment nominal wage.
Correct Answer:
Verified
Correct Answer:
Verified
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