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The figure on the right depicts the labor market in equilibrium with employment at 50 million jobs. (Enter your response as an integer.) Suppose traditional
The figure on the right depicts the labor market in equilibrium with employment at 50 million jobs. (Enter your response as an integer.) Suppose traditional monetary and fiscal policy has had only limited success in promoting higher employment. Governments sometimes seek to directly stimulate hiring by the private sector by engineering a shift in the labor El curve. The Labor Market 1O 20 30 4O 50 60 70 80 90 100 Quantity of labor (millions)
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