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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 Unions Raise Wages in One Part of the Economy
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When Unions Raise Wages in One Part of the Economy

Question 4

Question 4

True/False

When unions raise wages in one part of the economy, the supply of labor increases in other parts of the economy, which reduces wages in industries that are not unionized.

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