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    Principles of Macroeconomics
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    Exam 16: Inflation and Unemployment
  5. Question
    The Lowest Wage That a Worker Would Accept, If Offered
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The Lowest Wage That a Worker Would Accept, If Offered

Question 15

Question 15

Multiple Choice

The lowest wage that a worker would accept, if offered a job, is called


A) the reservation wage.
B) a subsistence wage.
C) the exploitation wage.
D) the equilibrium market wage.

Correct Answer:

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