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Which of the statements below is correct? Question 3 options: When labour productivity exceeds the real wage rate there is full-employment equilibrium. When real GDP
Which of the statements below is correct? Question 3 options: When labour productivity exceeds the real wage rate there is full-employment equilibrium. When real GDP equals potential GDP there is full-employment equilibrium. When real GDP exceeds potential GDP there is full-employment equilibrium. When the price level equals aggregate demand there is full-employment equilibrium
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Economics of Strategy
Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer
6th edition
978-1118273630, 111827363X, 978-1118319185
