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Flaco69 Flaco69
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A year ago
The figure below shows the labor demand and labor supply curves for an economy.




Refer to the figure above. The economy is currently at E. Which of the following is likely to happen if a recession hits the economy, assuming that there is downward rigidity of wages?

▸ The labor market equilibrium will move from point E to point D.

▸ The labor market equilibrium will move from point E to point H.

▸ The labor market equilibrium will move from point E to point G.

▸ The labor market equilibrium will move from point E to point F.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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naj2008hnaj2008h
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A year ago
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Flaco69 Author
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A year ago
this is exactly what I needed
gma_of_7
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Danivalda
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2 hours ago
Brilliant ツ
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