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I am not sure how you would find equilibrium real wage, people willing and able to work, and the jobs available. Demand for Labor Function

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I am not sure how you would find equilibrium real wage, people willing and able to work, and the jobs available.

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Demand for Labor Function 100 90 Real Wage 6 68 8 8985 30,000 50,000 10,000 80,000 70,000 20,000 60,000 40.000 The graph shows the aggregate demand for labor in a small country with a civilian population of 100.000 persons. The labor force participation rate in this country is only 30%% and it does not depend on the level of real wage. Wages and prices are fully flexible downwards and upwards. So we are talking about long run. In this country the equilibrium real wage equals units. At this real wage, people are willing and able to work, and there are jobs available in the economy. For future reference, let's call this case the base case

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