Refer to exhibit 9-1. The economy is currently producing q1. An economist who believes wages are flexible in the downward direction would most likely argue that ________.
1) The economy will move to a higher level of output in the long run.
2) The economy will move to a lower level of output in the long run.
3) The economy will remain at q1 in the long run.
4) The economy will experience inflation in the long run.