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.
Correct Answer:

Verified
Correct Answer:
Verified
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