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Home Q & A Board Other Fields Homework Help Business Economics
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sunjx sunjx
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6 years ago
The existence of union wages, efficiency wages, and the minimum wage
A) raises the real wage rate above the equilibrium wage rate and creates a shortage of labor.
B) lowers the real wage rate below the equilibrium wage rate and creates a shortage of labor.
C) raises the real wage rate above the equilibrium wage rate and raises the natural unemployment rate.
D) does not have an impact on the equilibrium wage rate or on the amount of unemployment.
E) raises the real wage rate above the equilibrium wage rate and lowers the natural unemployment rate.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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priyanpriyan
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6 years ago
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sunjx Author
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6 years ago
You are really a genius. Thanks
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6 years ago
NP
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