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    Exam 11: Aggregate Supply
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    Which Term Refers to a Wage Rate Above What Is
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Which Term Refers to a Wage Rate Above What Is

Question 75

Question 75

Multiple Choice

Which term refers to a wage rate above what is necessary to attract a sufficient number of workers?  


A)  market-clearing wage 
B)  efficiency wage 
C)  marginal productivity wage 
D)  minimum wage

Correct Answer:

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