Multiple Choice
Two sets of factors determine the levels of potential (and actual) output and of real wages in the flexible-price model of the macroeconomy:
A) the production function balance of exports and imports.
B) the production function and the balance of savings and investment.
C) the production function and the balance of supply and demand in the labor market.
D) the production function and the balance of supply and demand in the stock market.
Correct Answer:
Verified
Correct Answer:
Verified
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