Recall Application 3, "Can Labor Market Policies Account for the Great

Multiple Choice

Recall Application 3, "Can Labor Market Policies Account for the Great Depression," to answer the following questions:
-According to the application, what did Cole and Ohanian include in their business cycle models to explain the increase in real wages during the Great Depression?

A) They excluded government policies that affected the labor market.
B) They included government interventions that affected the labor market.
C) They excluded government policies that affected the minimum wage.
D) They included government policies that encouraged immigration.