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If wages drop below the market equilibrium level in a competitive labor market: Question 3 options: firms will demand more labor than workers are willing
If wages drop below the market equilibrium level in a competitive labor market: Question 3 options: firms will demand more labor than workers are willing to supply. firms will be able to offer lower wages and still fill all the jobs they have. unemployment will persist until the wage increases. All of these statements are true
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Power And Plenty Trade, War, And The World Economy In The Second Millennium
Authors: R Findlay, Ronald Findlay
1st Edition
0691143277, 9780691143279
