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    Macroeconomics Study Set 38
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    Exam 7: The Labor Market, Wages, and Unemployment
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    Any Institutional Fixed Wage Set Above the Equilibrium Wage Is
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Any Institutional Fixed Wage Set Above the Equilibrium Wage Is

Question 29

Question 29

Multiple Choice

Any institutional fixed wage set above the equilibrium wage is called:


A) the market wage.
B) a minimum wage.
C) a wage rigidity.
D) a real rigidity.
E) a wage ceiling.

Correct Answer:

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