Multiple Choice
In the Keynesian model with efficiency wages
A) the full-employment line is determined where the quantity of labor demanded equals the quantity of labor supplied.
B) the full-employment level is determined at the intersection of the labor demand curve and the efficiency wage line.
C) an increase in labor supply increases employment.
D) a decrease in labor supply shifts the FE line to the left.
Correct Answer:
Verified
Correct Answer:
Verified
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