Figure 1 illustrates the labor market in an economy in which at full employment, 1,000 people a
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Figure 1 illustrates the labor market in an economy in which at full employment, 1,000 people a day job search. What is the equilibrium real wage rate and employment? Calculate the natural unemployment rate.
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Related Book For 
Foundations Of Macroeconomics
ISBN: 9780691179261
7th Global Edition
Authors: Bade, Robin;Parkin, Michael
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