Which of the Following Statements Is Correct? with Respect to Efficiency

question 13

Multiple Choice

Which of the following statements is correct? With respect to efficiency wage models,

• A)their key element is an explanation of why the efficiency (or productivity)of workers depends on the real wage.
• B)the rationale underlying those models implies that firms will set the real wage above the market clearing level.
• C)they explain a real wage rigidity.
• D)all of the above

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