2. What is an efficiency wage? How might payment of an abovemarket wage reduce shirking by employees
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2. What is an efficiency wage? How might payment of an abovemarket wage reduce shirking by employees and reduce worker turnover? How might efficiency wages contribute to downward wage inflexibility, at least for a time, when aggregate demand declines? LO19.1
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Related Book For 
Macroeconomics
ISBN: 9781259915673
21st Edition
Authors: Campbell McConnell, Stanley Brue , Sean Flynn
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