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    Foundations of Macroeconomics
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    Exam 19: Markets for Factors of Production
  5. Question
    If a Union Restricts the Supply of Labor,it ________ the Wage
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If a Union Restricts the Supply of Labor,it ________ the Wage

Question 152

Question 152

Multiple Choice

If a union restricts the supply of labor,it ________ the wage rate and ________ the level of employment.


A) raises; decreases
B) raises; increases
C) raises; does not change
D) lowers; decreases
E) lowers; increases

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