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Task 3 In the analysis of the labor market, a model with a price curve and a wage curve is often used. Assume that the

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Task 3 In the analysis of the labor market, a model with a price curve and a wage curve is often used. Assume that the wage curve is known. a) Explain the price curve and draw this together with the wage curve b] How will increased price surcharges affect real wages and equilibrium unemployment

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