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6 years ago
According to the classical economists when output Y rises above the natural rate of employment, wages and prices would
A) fall causing output to rise; unemployment would be permanent.
B) rise causing output to rise; increased employment would be temporary.
C) rise causing output to fall; increased employment would be temporary.
D) fall causing output to fall; unemployment would be temporary.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
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thecromthecrom
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