Question
An efficiency wage is:
A. Equal to the market-clearing level.
B. Above the
market-clearing level.
C. Below the market clearing level.
D. Equal to marginal productivity of labor.
Macroeconomics
Question
A. Equal to the market-clearing level.
B. Above the
market-clearing level.
C. Below the market clearing level.
D. Equal to marginal productivity of labor.
Macroeconomics