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    Exam 18: Markets for Factors of Production
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    If a Union Restricts the Supply of Labor but Cannot
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If a Union Restricts the Supply of Labor but Cannot

Question 192

Question 192

Multiple Choice

If a union restricts the supply of labor but cannot change the demand for labor, the union ________ the wage rate and ________ the level of employment.


A) raises; decreases
B) raises; increases
C) lowers; decreases
D) lowers; increases

Correct Answer:

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