Multiple Choice
If the efficiency wage theory holds,
A) only highly qualified, efficient workers get the jobs.
B) the labor market clears at the equilibrium wage rate in the long-run.
C) workers with jobs will receive high wages and workers without jobs would be willing to work for lower wages but are closed out of the market.
D) the labor market is efficient.
Correct Answer:
Verified
Correct Answer:
Verified
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