Multiple Choice
When self-correcting forces cure a recessionary gap,
A) money wages and real wages both increase
B) money wages remain constant while real wages fall
C) money wages and real wages both decrease
D) money wages fall while real wages increase
E) real wages must increase regardless of what happens to money wages
Correct Answer:
Verified
Correct Answer:
Verified
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Q6: Economists of the rational expectations school believe
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