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Influences on union nonunion wage differentials

Significant influences on union non-union wage differentials comprise the: (1) Proportion of an industry which is unionized and the frequency of strikes. (2) Frequency of strikes, inflation and the collective bargaining policies. (3) Collective bargaining policies and the phase of business cycle. (4) Proportion of industry which is unionized and the phase of business cycle.

Find out the right answer from the above options.

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