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Assume that a country experiences a reduction in productivity that shifts the labour demand curve downward and to the left. If the labour market were

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Assume that a country experiences a reduction in productivity that shifts the labour demand curve downward and to the left. If the labour market were always in equilibrium, this would lead to: Question 12 options: C 1} a lower real wage and a rise in unemployment. C 2) a lower real wage and no change in unemployment. n 3) a lower real wage and less unemployment. I} 4) no change in real wage or in unemployment

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