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jack103106 jack103106
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A year ago
The following figure shows the labor demand curve, LD1, and labor supply curve, LS1, in a market. A month later, the labor demand curve shifts to LD2.




Refer to the figure above. If there is downward wage rigidity in the market, what will be the unemployment in the market after the demand curve shifts to LD2?

▸ 5 units of labor

▸ 20 units of labor

▸ 15 units of labor

▸ 10 units of labor
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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studyinnursestudyinnurse
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A year ago
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