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Question

Identify the correct statement from the following.

a. The labor market exhibits rapid adjustment to changes in supply or demand conditions.  
b. Wages offered for a particular type of job are the same across the country.  
c. The labor market usually yields a range of wages rather than a unique equilibrium.  
d. Wages exhibit frequent and prompt changes in response to changes in market conditions.  

 

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Jeffrey

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d. Wages exhibit frequent and prompt changes in response to changes in market conditions.

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