Multiple Choice
What is the effect of anything that makes the efficiency wage rise relative to the market-clearing wage?
A) It increases both the quantity demanded and the quantity supplied of labour.
B) It decreases both the quantity demanded and the quantity supplied of labour.
C) It increases the quantity demanded and decreases the quantity supplied of labour.
D) It decreases the quantity demanded and increases the quantity supplied of labour.
Correct Answer:
Verified
Correct Answer:
Verified
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