Refer to the figure above. The economy is currently at E. Which of the following is likely to happen if a recession hits the economy? Assume that wages are downwardly rigid
A) The labor market equilibrium will move from E to F.
B) The labor market equilibrium will move from E to D.
C) The labor market equilibrium will move from E to G.
D) The labor market equilibrium will move from E to H.
C
Economics
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M2 consists of: a. M1 plus savings accounts, small time deposits, money market mutual funds, and miscellaneous near-monies. b. coins, currency, and checkable deposits only
c. only near-monies. d. M1 plus time deposits only. e. M1 plus money market mutual funds only.
Economics
Programs to control government spending automatically kick in when government spending exceeds 15% of gross domestic product
Indicate whether the statement is true or false
Economics