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Munze Munze
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6 years ago
Based on our understanding of the labor market model presented in Chapter 6, we know that a reduction in the markup will cause
A) an increase in the equilibrium real wage.
B) a reduction in the equilibrium real wage.
C) an increase in the natural rate of unemployment.
D) a reduction in the natural rate of unemployment and no change in the real wage.
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Macroeconomics

Macroeconomics


Edition: 6th
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Macroeconomics, 6/E (Blanchard, Johnson)
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vonCOLLINZOvonCOLLINZO
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Munze Author
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#2
5 years ago
Excellent answer!
Macroeconomics, 6/E (Blanchard, Johnson)
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