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Consider the Graph of the Labor Market Shown Here

Question 78

Multiple Choice

Consider the graph of the labor market shown here. A wage rate of $25 could be an example of:
(i) an efficiency wage.
(ii) a minimum wage.
(iii) a wage rate negotiated by a labor union.
(iv) hysteresis.
Consider the graph of the labor market shown here. A wage rate of $25 could be an example of: (i) an efficiency wage. (ii) a minimum wage. (iii) a wage rate negotiated by a labor union. (iv) hysteresis. A) (ii) and (iii) only B) (iv) only C) (i) , (ii) , (iii) , and (iv) D) (i) , (ii) , and (iii)


A) (ii) and (iii) only
B) (iv) only
C) (i) , (ii) , (iii) , and (iv)
D) (i) , (ii) , and (iii)

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