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Labour Wage- supply setting curve Average product of labour, A Real wage Price-setting curve Employment, N Employed Unemployed 3. The figure above depicts the labour
Labour Wage- supply setting curve Average product of labour, A Real wage Price-setting curve Employment, N Employed Unemployed 3. The figure above depicts the labour wage setting curve. Ceteris paribus, in which of the following cases would the equilibrium real wage level rise? a. Higher labour productivity (assume no change in markup). b. Higher competition in the output goods market. c. An exodus of immigrant workers. d. Higher unemployment benefit
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