EXERCISE 9.2 SHIFTS IN THE WAGE-SETTING CURVE 1. Referring back to Unit 6, provide a brief explanation of the shift in the wagesetting curve for each row in the table below, using a diagram to show the best response function and the wage-setting curve. For the second and third rows, give an example from a realworld workplace. . Explain why a rise in the unemployment rate shifts the best response function but not the wagesetting curve. Change Shifts the wage-setting curve Decrease in unemployment benefit Down Amonitoring device to detect shirking Down A decrease in the disutility of working Down