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bedau bedau
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7 years ago
If there is a permanent adverse supply shock,
A) the rate of inflation can be held constant if real wages are kept from falling.
B) an extinguishing policy will produce an acceleration of inflation.
C) the level of employment at the natural level of real GDP will remain constant only if the labor supply curve is vertical.
D) the natural level of real GDP will remain the same if the supply curve of labor is vertical.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
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thecromthecrom
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7 years ago
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This helped my grade so much Perfect
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