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All of the Following Are Thought to Possibly Contribute to the Formation

question 2

Multiple Choice

All of the following are thought to possibly contribute to the formation of glaciers EXCEPT for______ .


Definitions:

Positive Amount of Unemployment

A situation where there is a nonzero level of unemployment in the economy, often considered normal due to frictions and transitions in the job market.

Market-clearing Wage

The wage rate at which the quantity of labor supplied equals the quantity of labor demanded.

Market-clearing Wage

The wage rate at which the quantity of labor supplied is equal to the quantity of labor demanded.

Efficiency Wage

A higher-than-market wage that a firm pays to increase worker productivity and reduce turnover.

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