Job rationing occurs if
A) the Lucas wedge is positive.
B) the minimum wage is set below the equilibrium wage rate.
C) an efficiency wage is set below the equilibrium wage rate.
D) the real wage rate is pushed above the equilibrium wage rate.
E) a union wage is set below the equilibrium wage rate.
D
Economics
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The objects we use as money today include
A) currency inside banks and bank deposits. B) currency outside the banks and bank deposits. C) only currency outside the banks. D) only deposits inside the banks. E) credit cards and debit cards.
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Prior to 1970, mortgages were ________ resold in the secondary market
A) never B) often C) rarely D) always
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