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johnpaul92 johnpaul92
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8 years ago
Describe how each of the following changes would affect the equilibrium in the labor market in terms of the level of the real wage and quantity of employment in equilibrium:
(a)   Increased immigration leads to higher labor supply at each real wage
(b)   The effort curve makes a parallel shift upward
(c)   Labor productivity increases (that is, the marginal product of labor increases at each level of employment).
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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8 years ago
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johnpaul92 Author
wrote...
8 years ago
This is incredible, wasn't expecting anyone to answer this one
wrote...
8 years ago
Every little bit helps, right? Glad I solved your question
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