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Identify the Correct Statement from the Following

Question 33

Multiple Choice

Identify the correct statement from the following.


A) Wages offered for a particular type of job are the same across the country.
B) The labor market exhibits rapid adjustment to changes in supply or demand conditions.
C) The labor market usually yields a range of wages rather than a unique equilibrium.
D) Wages exhibit frequent and prompt changes in response to changes in market conditions.

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