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Recall the production function Y Y L X Pop L Pop Consider the following event: Economic data shows that many people of working-age (15-64 years)
Recall the production function Y Y L X Pop L Pop Consider the following event: Economic data shows that many people of working-age (15-64 years) have left the labor market. Firms are dealing with labor shortages. . How would the components of the production function change? Would the economy experience positive or negative economic growth
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