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Suppose a competitive labor market is currently operating at the point where the market demand for labor equals the market supply of labor in a
Suppose a competitive labor market is currently operating at the point where the market demand for labor equals the market supply of labor in a competitive labor market. Which of the following is true? Select all that apply: The labor demand curve must be upward-sloping. The current level of employment is the equilibrium level of employment. The current wage is the equilibrium wage. There will be no change in the supply or demand of laborers
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