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Consider the Classical economic model. Assume that this marketcurrently operates at an unemployment rate of3.5%....

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Economics

Consider the Classical economic model. Assume that this marketcurrently operates at an unemployment rate of

3.5%

. What will inevitably occur, according to the Classicaleconomists. For this question, assume Classical Economics isperfectly "correct" in our economy. a. Wages will rise and RGDPwill increase b. Wages will rise and RGDP will decrease c. Wageswill rise and RGDP will stay the same d. Wages will decrease andRGDP will increase e. Wages will decrease and RGDP will decrease f.Wages will decrease and RGDP will stay the same g. Wages will staythe same and RGDP will increase h. Wages will stay the same andRGDP will decrease i. Wages will stay the same and RGDP will staythe same

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