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Author Question: Economic advisers who fear that the economy is growing too rapidly would recommend that the ... (Read 134 times)

cdr_15

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Economic advisers who fear that the economy is growing too rapidly would recommend that the government decrease spending and/or increase taxes.
 
  Indicate whether the statement is true or false

Question 2

Which of the following statements is true when wages are above the market clearing wage?
 
  A) The larger the gap between the current market wage and the market clearing wage, greater will be the amount of unemployment.
  B) At wage rates above the market clearing wage rate, there is an excess demand for workers.
  C) At wage rates below the market clearing wage rate, there is an excess supply of workers.
  D) The larger the gap between the current market wage and the market clearing wage, smaller will be the amount of unemployment.


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jharrington11

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cdr_15

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


carojassy25

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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