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hcraik2 hcraik2
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A year ago
Which of the following statements is TRUE when wages are above the market-clearing wage?

▸ The larger the gap between the current market wage and the market-clearing wage, the greater will be the amount of unemployment.

▸ The larger the gap between the current market wage and the market-clearing wage, the lesser will be the amount of unemployment.

▸ At wage rates above the market-clearing wage rate, there is an excess demand for workers.

▸ At wage rates below the market-clearing wage rate, there is an excess supply of workers.
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Macroeconomics

Macroeconomics


Edition: 3rd
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crwille78crwille78
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A year ago
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hcraik2 Author
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A year ago
This helped my grade so much Perfect
Hellish Lover
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Just got PERFECT on my quiz
ofsuahasiufhoas
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Smart ... Thanks!
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