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johnpaul92 johnpaul92
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7 years ago
According to the efficiency wage model, during a recession, firms will not reduce real wages because
A) legally, they can't.
B) unions would go on strike, reducing profitability.
C) this would reduce worker effort and productivity.
D) the equilibrium real wage has increased.
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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7 years ago
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C
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johnpaul92 Author
wrote...
#2
7 years ago
Appreciate your help, thank you again
wrote...
#3
7 years ago
Take care for now
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