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Munze Munze
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6 years ago
As product markets become more competitive and the markup decreases, we would expect which of the following to occur?
A) no change in the real wage in the medium run.
B) an increase in the aggregate price level and an increase in output in the medium run.
C) an increase in the interest rate in the medium run.
D) no change in output in the medium run.
E) an increase in the real wage in the medium run.
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Macroeconomics

Macroeconomics


Edition: 6th
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Macroeconomics, 6/E (Blanchard, Johnson)
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legendvpnlegendvpn
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6 years ago
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Munze Author
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#2
5 years ago
Extremely insightful, tysm
Macroeconomics, 6/E (Blanchard, Johnson)
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