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mooncalled mooncalled
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2 months ago
Downward wage rigidity ________.

▸ causes the wage to be above the market-clearing wage

▸ leads to frictionless labor markets

▸ is common only in industries with strong labor unions

▸ helps lower unemployment
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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johnmiltonjohnmilton
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2 months ago
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causes the wage to be above the market-clearing wage

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