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drew911811 drew911811
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2 months ago
Which of the following happens when an economy's labor demand curve shifts to the left without any change in its labor supply curve, assuming all else equal?

▸ The output of the economy rises.

▸ The equilibrium wage rate rises.

▸ The unemployment rate rises.

▸ The aggregate price level falls.
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Macroeconomics

Macroeconomics


Edition: 3rd
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cheezeh3adcheezeh3ad
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More solutions for this book are available here
The unemployment rate rises.
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