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Suppose the price level falls but because of fixed nominal wage contracts, the real wage rises and firms cut back on production. This is a demonstration of the
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Q41: Diversification has the advantage of<br>A)reducing expected return.<br>B)reducing
Q46: Privatization is when<br>A)the government deregulates markets.<br>B)the government
Q47: A large and sudden movement of capital
Q49: What do most economists believe concerning the
Q53: Suppose the price level falls but because
Q54: The IS curve measures points where the
Q115: Many different types of output are generated