jonestheproblem8287 jonestheproblem8287
  • 16-12-2022
  • Business
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The "efficiency wage" is the wage at which employees have no incentive to shirk. employees have an incentive to do the optimal (positive) amount of shirking. the cost of looking for work is equal to the value of the leisure time for the unemployed individual. there is no unemployment. Othere is only frictional unemployment

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