5. How would the following factors affect equilibrium in the market for labor? a. An increase in...

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5. How would the following factors affect equilibrium in the market for labor?

a. An increase in the demand for the product that a firm is producing

b. The use of a new technology that halves the time that workers will take to produce a good

c. An increase in the age when people begin to receive Social Security benefits

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Macroeconomics

ISBN: 9780134492056

2nd Edition

Authors: Daron Acemoglu, David Laibson, John List

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