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7.3 What causes changes in unemployment over the short run  (Page 11/14)

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  • Card 11 / 14:
    efficiency wage theory

    the theory that the productivity of workers, either individually or as a group, will increase if they are paid more

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Practice FlashCards 5 Key Terms 6

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Source:  OpenStax, University of houston downtown: macroeconomics. OpenStax CNX. May 28, 2014 Download for free at http://legacy.cnx.org/content/col11653/1.3
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