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    Exam 19: Current Issues in Macro Theory and Policy
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    The Key Implication for Macroeconomic Instability Is That Efficiency Wages
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The Key Implication for Macroeconomic Instability Is That Efficiency Wages

Question 61

Question 61

Multiple Choice

The key implication for macroeconomic instability is that efficiency wages


A) contribute to the downward inflexibility of wages.
B) help reduce the downward inflexibility of wages.
C) increase the velocity of money.
D) reduce the velocity of money.

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