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NYC NYC
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8 years ago
If firms have ________ and if they set prices and wages on this basis, then prices and wages will, on average, be set at market-clearing levels.
A) no competition
B) rational expectations
C) excess capacity
D) negative inventories
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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NYC Author
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8 years ago
Thanks for answering Slight Smile
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