Explain how efficiency wages,labour unions,and minimum wage laws affect labour markets.
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Q65: If firms pay efficiency wages,they pay wages
Q66: Figure 6.4 Q67: An efficiency wage is _ and results Q68: If a minimum wage is set above Q69: How does a real wage above the Q71: Because labour unions contribute to keeping real Q72: Demand and supply of labour are given Q73: Suppose that the labour movement has a Q74: Some policymakers claim that raising the minimum Q75: Figure 6.4
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