Assuming No Change in the Effort Curve of Employees,the Efficiency

question 57

Multiple Choice

Assuming no change in the effort curve of employees,the efficiency wage model implies that

• A)the real wage is rigid and equals the efficiency wage.
• B)the real wage exceeds the marginal productivity of labor.
• C)an increase in the marginal productivity of capital will increase the real wage.
• D)the real wage is procyclical.

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