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Business, 11.05.2021 20:10 sophie5064

An efficiency wage is A. an​ above-market wage paid by a firm to maximize the output of the firm that increases the level of structural unemployment. B. an​ above-market wage paid by a firm to maximize worker productivity and reduce turnover that reduces the level of structural unemployment. C. equal to the​ market-clearing wage, so that social welfare is maximized while maintaining the level of frictional unemployment. D. an​ above-market wage paid by a firm to maximize worker productivity and reduce turnover that raises the level of structural unemployment. E. a​ below-market wage paid by a firm to maximize firm profits and reduce turnover that reduces the natural rate of unemployment.

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