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candy7music candy7music
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5 years ago
Collective bargaining by unions can result in a union wage rate that is ________ the equilibrium real wage rate and creates a ________ of labor.
A) above; surplus
B) above; shortage
C) below; surplus
D) below; shortage
E) equal to; surplus
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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