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Munze Munze
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6 years ago
When the unemployment rate is on the horizontal axis and the real wage is on the vertical axis, a reduction in productivity will cause which of the following to occur?
A) the wage-setting and price-setting curves will both shift downward.
B) the wage-setting and price-setting curves will both shift upward.
C) the price-setting curve to shift downward, and no shift in the wage-setting curve.
D) the wage-setting curve to shift upward, and the price-setting curve to shift downward.
E) the wage-setting curve to shift downward, and the price-setting curve to shift upward.
Textbook 
Macroeconomics

Macroeconomics


Edition: 6th
Authors:
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Macroeconomics, 6/E (Blanchard, Johnson)
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legendvpnlegendvpn
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Munze Author
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6 years ago
You make an excellent tutor!
vernonb
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Just got PERFECT on my quiz
dri
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Smart ... Thanks!
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