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The figure on the below depicts the labor market initially in equilibrium with employment at100million jobs and a wage of $10. The Labor Market 20

The figure on the below depicts the labor market initially in equilibrium with employment at100million jobs and a wage of $10.

The Labor Market 20 18 Labor supply Wage curve 16- 14- 12- 6- 4- 2 Labor demand curve 20 40 60 80 100 120 140 160 180 200 Quantity of labor (millions)

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