Multiple Choice
If Keynes's theory is correct,wage rates may be _______________ in a _____________ direction which means that the __________ curve will not shift to the __________ to remove the economy from a recessionary gap as it would in a self-regulating economy.
A) inflexible; downward; AD; right
B) flexible; upward; SRAS; right
C) flexible; downward; AD; right
D) inflexible; upward; SRAS; left
E) inflexible; downward; SRAS; right
Correct Answer:
Verified
Correct Answer:
Verified
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Q191: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
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Q193: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
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