The smaller the extent of job rationing, the
A) higher the labor supply.
B) lower the labor force participation rate.
C) lower potential GDP.
D) higher the real wage rate.
E) lower the unemployment rate.
E
Economics
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The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
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