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Question
According to classical economists, the real wage rate is ______ to the Marginal Productivity of Labour.
Options
Equal
More
Less
None of these
MCQ
Fill in the Blanks
Solution
According to classical economists, the real wage rate is Equal to the Marginal Productivity of Labour.
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Determination of Equilibrium Income in the Short Run - Macroeconomic Equilibrium with Price Level Fixed
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