When the Economy Is in an Inflationary Gap,the Labor Market

question 107

Multiple Choice

When the economy is in an inflationary gap,the labor market is experiencing a _____________.In a self-regulating economy,wage rates will then ___________ and the ______________ curve will shift __________________.

• A) shortage; rise; SRAS; leftward
• B) shortage; fall; SRAS; leftward
• C) surplus; rise; AD; rightward
• D) shortage; fall; AD; rightward
• E) surplus; fall; SRAS; rightward

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