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[ECON Unit 9] Described the predicted effects that the following would have on the equilibrium real wage level, ceteris paribus , and briefly explain why:
[ECON Unit 9] Described the predicted effects that the following would have on the equilibrium real wage level,ceteris paribus, and briefly explain why:
a.Increases in labor productivity
b.Higher competition in the output goods market
c.An exodus of immigrant workers
d.Higher unemployment benefits
The Economy: Unit 9 The labour market: Wages, profits, and unemployment (core-econ.org)
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