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From a neoclassical view, which of the following is a true statement? Because wages are flexible, they are unaffected by high rates of unemployment. No

From a neoclassical view, which of the following is a true statement?

Because wages are flexible, they are unaffected by high rates of unemployment.

No answer text provided.

The economy cannot sustain production above its potential GDP in the long run.

A surge in aggregate demand ends up as a rise in output, but does not increase price levels.

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