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    Macroeconomics Study Set 20
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    Exam 8: Production and Costs
  5. Question
    -Refer to Exhibit 8-1
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-Refer to Exhibit 8-1

Question 67

Question 67

Multiple Choice

  -Refer to Exhibit 8-1.Assume the economy is originally in equilibrium at point A.If wage rates rise,at which point is the economy most likely to end up in the short run? A)  A B)  B C)  C D)  D
-Refer to Exhibit 8-1.Assume the economy is originally in equilibrium at point A.If wage rates rise,at which point is the economy most likely to end up in the short run?


A) A
B) B
C) C
D) D

Correct Answer:

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