
In the above figure, an -------------would be set -------------
A) union wage; above $9.00 but would not affect the natural rate of unemployment.
B) effective minimum wage; above $6.00.
C) efficiency wage; above $9.00 and would increase the natural rate of unemployment
D) efficiency wage; below $9.00
E) efficiency wage; above $6.00.
Correct Answer:
Verified
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