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Question 32 Not yet answered Marked out of 1.00 Flag question Question text Exhibit: Figure 7-4 Price level I BAR SRAS P3 P A D

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Question 32 Not yet answered Marked out of 1.00 Flag question Question text Exhibit: Figure 7-4 Price level I BAR SRAS P3 P A D AD YI Y2 Yp Real GDP per year In this exhibit (Figure 7-4), for the economy represented in the figure: Select one: a. the real wage rate is higher than full-employment real wage. b. the real wage rate is lower than full-employment real wage. c. the nominal wage rate is higher than full-employment nominal wage. d. the nominal wage rate is higher than full-employment real wage

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