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Author Question: Those who believe that wages adjust quickly to clear the labor market also believe that (Read 64 times)

ghost!

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  • Posts: 560
on: Apr 19, 2019

Question 1

According to the classical economists, those who are not working


◦ have chosen not to work at the market wage.
◦ are too productive to be hired at the current wage.
◦ are unable to find a job at the current wage rate.
◦ have given up looking for a job, but would accept a job at the current wage if one were offered to them.

Question 2

Those who believe that wages adjust quickly to clear the labor market also believe that


◦ the 
AS curve is upward sloping.
◦ the 
AD curve is steep.
◦ the 
AD curve is flat.
◦ the 
AS curve is vertical.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by ghost! on Apr 19, 2019

AngeliqueG

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ghost!

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

deja

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

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