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Consider the Graph of the Labor Market Shown Here

Question 70

Multiple Choice

Consider the graph of the labor market shown here. A wage rate of $25 could be an example of:
(i) an efficiency wage.
(ii) a minimum wage.
(iii) a wage rate negotiated by a labor union.
(iv) hysteresis.
Consider the graph of the labor market shown here. A wage rate of $25 could be an example of: (i)  an efficiency wage. (ii)  a minimum wage. (iii)  a wage rate negotiated by a labor union. (iv)  hysteresis.   A) (ii)  and (iii)  only B) (iv)  only C) (i) , (ii) , (iii) , and (iv)  D) (i) , (ii) , and (iii)


A) (ii) and (iii) only
B) (iv) only
C) (i) , (ii) , (iii) , and (iv)
D) (i) , (ii) , and (iii)

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