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economics question would not let me select Labor input per year (millions of workers) 120 130 140 150 160 170 Real GDPly (5 trillions) 700
economics question would not let me select Labor input per year (millions of workers) 120 130 140 150 160 170 Real GDPly (5 trillions) 700 8.00 9.00 10.00 11.00 12.00 Go a. The equilibrium hourly wage is and the equilibrium number of workers employed in this economy is million b. At this equilibrium in the labor market the real GDP is S trillion c. If the hourly wage were to change to 56 per hour how many workers would unemployed? Haunty wage rate O 100 110 120 130 140 150 160 170 180 110 Millions of workers O A. 40 million OB. 20 million O C. 120 million OD. It is impossible to tell d. Using the double arrow line drawing tool, indicate the amount of unemployment as the surplus in the labor market by drawing a double-arrow between the quantity demanded and the quantity supplied of labor at $6 per
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