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Flaco69 Flaco69
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A week 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


Edition: 3rd
Authors:
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naj2008hnaj2008h
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A week ago
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More solutions for this book are available here
The labor market equilibrium will move from point E to point G.

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Flaco69 Author
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A week ago
This site is awesome
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Thanks for your help!!
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Good timing, thanks!
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