According to the classical model, real wages should
A) remain constant.
B) fall during recessions.
C) rise during recessions.
D) stay the same during recessions but rise during expansions.
A
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When analyzing graphically the relationship between more than two variables, which of the following must be used?
A) the assumption that only relevant factors change B) positive slope assumption C) assumption of little change D) negative slope assumption E) ceteris paribus
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