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The following image is the file called Hypothetical Labor Market Data. The following graph shows the demand-forIabor function in a country. The vertical axis measures

The following image is the file called Hypothetical Labor Market Data.

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The following graph shows the demand-forIabor function in a country. The vertical axis measures the real wage and the horizontal axis the number of workers. The civilian population in this country equals 100,000 persons and the labor-force participant rate is 30 percent. 120 110 100 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000

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