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Use the figure above to answer this question. Indicate whether the following statements are true or false. You will not be given any credit unless

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Use the figure above to answer this question. Indicate whether the following statements are true or false. You will not be given any credit unless you present an explanation. The new wage-setting curve indicates a stronger bargaining position for the workers due to a rise in unemployment benefitsIt does not make any difference for the workers between point B and point C because the real wage is the same

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Wage-setting curve Wage-setting curve (New) K Labour productiv L Price-setting curve M B Price-setting curve (New O Employment, (Lower unemployment ->)

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