A government passes a family-friendly law that no companies can have evening, nighttime, or weekend hours, so
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A government passes a family-friendly law that no companies can have evening, nighttime, or weekend hours, so that everyone can be home with their families during these times. Analyze the effect of this law using a demand and supply diagram for the labor market: first assuming that wages are flexible, and then assuming that wages are sticky downward.
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FamilyFriendly Law and the Labor Market with Flexible Wages Demand The demand for labor is a downwardsloping curve that shows the quantity of labor th...View the full answer
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