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    Principles of Economics Study Set 8
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    Exam 28: Unemployment and Its Natural Rate
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    When a Union Raises the Wage Above the Equilibrium Level
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When a Union Raises the Wage Above the Equilibrium Level

Question 307

Question 307

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When a union raises the wage above the equilibrium level, it reduces the quantity of labor supplied and raises the quantity of labor demanded, resulting in unemployment.

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