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  3. Study Set
    Economics Contemporary Issues
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    Exam 16: Social Security: Leading Issues and Approaches to Reform
  5. Question
    If the Supply Curve of Labor Is Vertical, Then Wage
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If the Supply Curve of Labor Is Vertical, Then Wage

Question 3

Question 3

True/False

If the supply curve of labor is vertical, then wage decreases will have no effect on the number of hours worked.

Correct Answer:

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