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In the "Non-Market-Clearing Model" the Level of Final Goods Sales

Question 142

Multiple Choice

In the "non-market-clearing model" the level of final goods sales and unemployment during a recession are


A) the result of interactions between supply and demand.
B) higher than would be the case in a market clearing model.
C) caused by the rapid adjustment of prices and wages.
D) the result of wage and price rigidities.

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