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Say that, given the wonderful weather in the city, many workers from other states move to Los Angeles to look for work. As a result
Say that, given the wonderful weather in the city, many workers from other states move to Los Angeles to look for work. As a result
a.Real wages W/P will remain unchanged
b.Real wages W/P will decrease in Los Angeles
c.None of the above/below
d.It is not possible to say whether real wages will increase or decrease, it depends on how many workers move to Los Angeles
e.Real wages W/P will increase in Los Angeles
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