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Could someone give me an explanation for b) and c)? b) is TRUE c) is FALSE I'd like to know the reason for each answer.

Could someone give me an explanation for b) and c)?

b) is TRUE

c) is FALSE

I'd like to know the reason for each answer.

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A9. Consider the long-run data on real wage growth and unemployment rates in the figure and select the correct statement(s). Long-run unemployment and real wage growth across the OECD (1970-2011). 4.5 4.0 3.5 3.0 . FIN . SPA 2.5 . NOR DEY FRA . DNK (average annual growth rate, 1970-2011) Real wage growth * JPN . UK BEL 2.0 ITA *SWENLD 1.5 1.0 * USA . CAN 0.5 0.0 N 6 8 10 12 14 16 18 Unemployment rate (average annual rate, 1970-2011) a) A policymaker who values wage growth above all else would have vertical indifference curves. F horizontal b) Positively sloped indifference curves with the most favoured point in the north-west would reflect a policymaker's preferences who valued both real wage growth and low unemployment. c) The preferences of a Spanish policymaker would go through the point labelled 'SPA'. F

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