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    Exam 38: Current Issues in Macro Theory and Policy
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    The Insider-Outsider Theory Implies That
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The Insider-Outsider Theory Implies That

Question 65

Question 65

Multiple Choice

The insider-outsider theory implies that:


A) wages are flexible both upward and downward.
B) unemployment quickly reduces market wages.
C) agents pursue their own agendas,sometimes at the expense of principals.
D) wages may be inflexible downward.

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