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Suppose the WS curve is upward-sloped as usual whereas the PS curve is non-linear (hint: Production is characterized by increasing returns). In this case why

Suppose the WS curve is upward-sloped as usual whereas the PS curve is non-linear (hint: Production is characterized by increasing returns). In this case why is it possible that there may exist multiple equilibria in the labor marker? Show how hysteresis may arise in the labor market. Illustrate on a graph and explain.

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