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For this question, assume that the economy initially operates at the physical level of production.The increase in unemployment benefits will cause: a)increase in real wages
For this question, assume that the economy initially operates at the physical level of production.The increase in unemployment benefits will cause:
a)increase in real wages in the medium term.
b)reduction of real wages in the medium term.
c)no change in real wage in the medium term.
d)Ambiguous effects on real wages in the medium term.
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