In the efficiency wage model with the efficiency wage above the market-clearing wage, the level of employment depends on: labor demand alone.
What is wages model?
Wages model is a model that stated that wages which a worker or an employee earn is based on the workforce or the amount of money available to pay the workers.
In a situation were will have wage that is above the market-clearing wage this tend to mean that the level of employment will depends on labor demand only.
Therefore the level of employment depends on: labor demand alone.
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